Home / Companies / News / On request, Reliance again puts off gas bid to November 15: Report

On request, Reliance again puts off gas bid to November 15: Report

The sources said potential bidders sought more time to evaluate the terms of the offer and so the bidding deadline was pushed back to November 15

This discovered price would, however, be capped by a ceiling set by the government every six months for gas produced from difficult fields

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4 min read Last Updated : Nov 06 2019 | 4:15 PM IST

Reliance Industries has for the second time in a month put off bidding to sell natural gas it plans to produce from newer fields in the flagging eastern offshore KG-D6 block, sources said.

The sources said potential bidders sought more time to evaluate the terms of the offer and so the bidding deadline was pushed back to November 15.

Originally bidding for 5 million standard cubic metres per day of natural gas planned to be produced from R-Cluster fields in the KG-D6 block from mid-2020 was to happen on October 11 but was put off to November 6 as bidders cited festival

Topics : RIL Reliance Industries Ltd RIL gas price Oil and gas bids

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