RIL outbids GAIL to buy all its own CBM gas

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Reliance Industries has outbid rivals, including state-owned GAIL India to buy the entire volume of natural gas from its own coal seam blocks until March 2021. In May, RIL had become the first buyer of gas it produced from its own coal bed methane (CBM) block in Madhya Pradesh after agreeing to pay the highest price of USD 4.23 per million British thermal unit (mmBtu) for May-June. Read more

The Economic Times