+
Vedanta seeks $9.5/MMBtu for Rajasthan gas sale
OIL & GAS

Vedanta seeks $9.5/MMBtu for Rajasthan gas sale

Vedanta Ltd, a billionaire-led company, has launched a tender for the sale of natural gas produced from its Rajasthan block, aiming for a minimum price of USD 9.5 per million British thermal units (mmBtu). In the forthcoming three months, Vedanta plans to extract 0.6 million standard cubic meters per day of gas from the RJ-ON-90/1 block in Rajasthan's Barmer basin.

Users are invited to quote a variable 'P' over and above 14.5% of the Brent crude oil price. The pricing formula includes the lower of Platts LNG WIM and 14.5% of Brent Price + P. The sales gas price is not to fall below USD 9.5 per mmBtu, as stated in the tender document.

This rate represents a nearly 50% premium over the ceiling price of USD 6.5 per mmBtu paid to state-owned producers like ONGC for output from legacy fields. E-bidding for this gas will take place on September 8.

Vedanta's subsidiary holds a 70% stake in the predominantly oil-producing RJ-ON-90/1 Block, with the remaining 30% owned by ONGC. The company has set up the Raageshwari gas terminal to process and deliver natural gas from the block.

Aligned with the 'Natural Gas Marketing Reforms' guidelines, Vedanta has invited proposals to offtake gas from the field, adhering to the Ministry of Petroleum and Natural Gas's e-bidding framework.

Vedanta Ltd, a billionaire-led company, has launched a tender for the sale of natural gas produced from its Rajasthan block, aiming for a minimum price of USD 9.5 per million British thermal units (mmBtu). In the forthcoming three months, Vedanta plans to extract 0.6 million standard cubic meters per day of gas from the RJ-ON-90/1 block in Rajasthan's Barmer basin.Users are invited to quote a variable 'P' over and above 14.5% of the Brent crude oil price. The pricing formula includes the lower of Platts LNG WIM and 14.5% of Brent Price + P. The sales gas price is not to fall below USD 9.5 per mmBtu, as stated in the tender document.This rate represents a nearly 50% premium over the ceiling price of USD 6.5 per mmBtu paid to state-owned producers like ONGC for output from legacy fields. E-bidding for this gas will take place on September 8.Vedanta's subsidiary holds a 70% stake in the predominantly oil-producing RJ-ON-90/1 Block, with the remaining 30% owned by ONGC. The company has set up the Raageshwari gas terminal to process and deliver natural gas from the block.Aligned with the 'Natural Gas Marketing Reforms' guidelines, Vedanta has invited proposals to offtake gas from the field, adhering to the Ministry of Petroleum and Natural Gas's e-bidding framework.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code