Reliance Industries and its partner company British Petroleum have started offshore production in the KG-D6 block. This will help the country to get clean gas. Reliance-BP started production at R Cluster in December last year. Now, starting gas production in KG D-6, the share of natural gas in the energy basket will increase from 6.2 percent to 15 percent. Currently, gas production in the country is 78 million cubic meters per day (mmscmd). However, this is only half of our total requirement. But due to peak production of 15 mmscmd from KG-D6 and KG-D5 blocks of ONGC, 2023-24 domestic gas production could increase to 122 mmscmd.
Reliance’s 66.67 percent stake in KG-D6
Reliance-BP together produces deep-water gas in KG-D6, R clusters, satellite clusters, and MJ. Together, they will produce 30 million standard cubic meters of gas by 2023, which will be 15 percent of India’s total requirement. While preparing to start production last year, Mukesh Ambani said that these projects will use the hub infrastructure of the KG-D6 block. Mukesh Ambani holds a 66.67 percent stake in KG-D6, while British Petroleum holds 33.3 percent. The R-Cluster is 60 km from the existing KG D6 Control and Riser Platform (CRP) on the Kakinada coast.
Important steps in the direction of clean energy
About the project shared with British Petroleum, Mukesh Ambani said that these are milestones in India’s energy sector. These are very important projects in terms of green energy, clean and safe for the environment. He said that the gas produced through the project will meet the growing needs of our clean energy. While British Petroleum CEO Bernard Lunney has described this partnership as another example of growing possibilities. He said that this gas project will prove to be very helpful for India’s energy drive and this will give direction to the energy drive.