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Gujarat Gas signs contract with Gail-news20042012

Thursday, April 19, 2012

Gujarat Gas Company has executed a fully termed gas sales and transportation contract ( GSTC) with GAIL (India) Ltd (GAIL) for the purchase of gas from the Panna-Mukta and Tapti fields.


The GSTC supersedes the previously executed term sheet of March 31, 2008, pursuant to which PMT gas has been sold to GGCL to date, Gujarat Gas Company said.

The GSTC will now constitute the entire agreement between the parties in respect of the sale, purchase and transportation of PMT gas up to 2.13 mmscmd depending on the production from the PMT fields, the company said.

Pursuant to the directive from the ministry of petroleum and natural gas, GGCL was allocated up to 2.13 mmscmd of PMT gas to be sold by GAIL.

....more info



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