RIL & IGL will sign the gas supply pact

RIL is likely to sign the Gas Sales and Purchase Agreement (GSPA) with IGL — the sole supplier of CNG and piped gas in Delhi — for supply of 0.308 million standard cubic meters per day of its KG-D6 gas, industry sources said. Government has allocated over 0.83 mmscmd gas from KG-D6 for seven city gas projects at a price of US$4.2 per million British thermal unit. Besides IGL, Mahanagar Gas Ltd that retails CNG in Mumbai has been allocated 0.37 mmscmd and Hindustan Petroleum 0.49 mmscmd for its CNG operations in Ahmedabad, sources said.