Tuesday, January 24, 2012

Oil Ministry proposes key changes in natural gas allocation policy

The Oil Ministry has suggested key changes in the natural gas allocation policy in the view of sharp drop in output from Reliance Industries' eastern offshore KG-D6 block.
In a note to the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee, the ministry has proposed to stop gas supplies to power producers that do not sell electricity at regulated tariff.
Also, future gas allocations are to be made only to urea fertiliser plants and fuel allocation to phosphates and potassium fertiliser producers be stopped.

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