Two Maharatna PSUs OIL and GAIL extend Gas Sale and Purchase Agreement for next 15 years
Oil India Ltd and GAIL (India) Ltd have extended their Gas Sale and Purchase Agreement for 15 more years starting July 1, 2025, ensuring daily supply of up to 900,000 SCMD of natural gas from Rajasthan to RRVUNL’s power plants.
New Delhi: Two Leading Maharatna PSUs Oil India Limited (OIL) and GAIL (India) Limited under the administration of Ministry of Petroleum and Natural Gas have signed the agreement for extending the existing Gas Sale and Purchase Agreement for the next15-years, starting from 1st July 2025, to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL’s Rajasthan Gas Fields.
The agreement witnesses a strong dedication of both public sector units in production, transportation and distribution of gas available from domestic gas fields demonstrating their collaborative approach to enhance the energy security and accessibility
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The sourced gas will be supplied to State run power plant Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for production of power.
The Oil India Ltd and GAIL (India) Ltd has been committed to foster the exploration and development of energy sectors and monetization of the gas utility sectors.
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