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Cairn Oil & Gas seeks bids for sale of natural gas from Rajasthan block

Cairn Oil & Gas, Vedanta's oil and gas arm, produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan, the firm said in a notice

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The price of gas will be lower of the previous month's average of DES West India spot liquefied natural gas (LNG) prices or 14 per cent of the average Brent crude oil price

Press Trust of India New Delhi
Mining magnate Anil Agarwal's Vedanta Ltd on Monday invited bids for the sale of natural gas from its prolific Rajasthan block at rates equivalent to the price of imported LNG from the spot market or Brent oil price.
Cairn Oil & Gas, Vedanta's oil and gas arm, produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan, the firm said in a notice.
The output is being ramped-up to more than 5 mmscmd.
"The company invites Expression of Interest (EoI) from interested parties with proven capabilities and demonstrated presence in the natural gas business to

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