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GAIL bag marketing rights for PMT
Thursday, April 3, 2008
Natural gas supplier and marketer GAIL India has signed agreement for marketing rights of gas from the entire Panna-Mukta and Tapti (PMT) fields.
GAIL in a statement has revealed that it will buy the gas at $5.73 per million British thermal unit (mBtu) for Panna field and $5.57 per mBtu of the Tapti field.
"The contract was signed late on Monday night and is in pursuance of the government nominating GAIL as its nominee to take the entire PMT gas," said GAIL.
--MP
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