The consortium of Reliance Industries Limited (RIL) and BP has sought bids for 6 million standard cubic metres per day (mmscmd) of natural gas from its KG-D6 block off the eastern coast. The electronic auction will be held on May 19, 2023 for gas from the MJ field, which will begin supplying from June 1, 2023. The bidders are expected to quote a variable abo¬ve the JKM price, the spot market benchmark for liquefied natural gas (LNG) delivered to Japan and South Korea.
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