New Delhi: An agreement has been signed by Oil India Limited (OIL) and GAIL (India) Limited, two prominent Maharatna CPSEs, falling under the Ministry of Petroleum & Natural Gas.
The agreement extends the current Gas Sale and Purchase Agreement for another 15 years, commencing on 1st July 2025. It entails the supply of up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL’s Rajasthan Gas Fields.
The signing ceremony took place at GAIL’s Corporate Office in New Delhi, where the agreement was executed by Shri Ranjan Goswami, ED (BD) from OIL, and Shri Sumit Kishore, ED (Gas Marketing) from GAIL. This move signifies the unwavering commitment of both Maharatna CPSEs towards the production, transportation, and distribution of gas sourced from domestic gas fields. It underlines their collaborative efforts to bolster energy security and accessibility.
The natural gas procured will be directed to the state-run power plant, M/s Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), for power generation purposes. OIL’s dedication to fortifying its upstream portfolio through ongoing exploration and development endeavors across the nation is evident, while GAIL continues to play a crucial role in the monetization of gas resources.
The agreement for the supply of natural gas from OIL’s Rajasthan Gas Fields to M/s Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) was recently extended by Oil India Limited (OIL) and GAIL (India) Limited. The agreement, signed for another 15 years, starting from 1st July 2025, will see the supply of up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas.
The signing ceremony, held at GAIL’s Corporate Office in New Delhi, included Shri Ranjan Goswami, ED (BD) from OIL, and Shri Sumit Kishore, ED (Gas Marketing) from GAIL in attendance. The collaborative efforts of both Maharatna CPSEs underscore their commitment to bolstering energy security and accessibility by utilizing gas from domestic fields. The gas sourced will be channeled to the state-run power plant, M/s Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), for power production. OIL’s focus on enhancing its upstream portfolio through nationwide exploration and development initiatives is complemented by GAIL’s pivotal role in gas monetization.
