NTPC not to relent on gas price


“NTPC will continue with its stand on price of US$ 2.34 per mmBtu (as committed by Mukesh Ambani-led RIL) and will take support from (the) Ministry of Power,” a top company official told PTI.  Petroleum Minister Murli Deora had told the Rajya Sabha on Thursday that RIL had not sought approval for the US$ 2.34 per million metric British thermal unit (mmBtu) price quoted by it in NTPC’s 2004 tender. “Since, no approval had been sought by RIL as required under the Production Sharing Contract, the US$ 4.20 per mmBtu price approved in 2007 will be applicable,” he had said.

Clarification
However, the Petroleum Ministry on Friday, clarified its stand saying it had not made up its mind regarding the price at which gas from Reliance Industries should be supplied at.
“It was not the intention of the Petroleum Minister to make a final statement on the issue, since the matter is subjudice,” said S Sunderasan, Additional Secretary at the Ministry of Petroleum and Natural Gas.

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