By: ICN Bureau
Last updated : August 30, 2022 10:22 am
This will help meet India's growing demand indigenously, leading to import savings of nearly US $9 billion/annum
With the commissioning of the MJ Field by end-2022, KG-D6 will increase its contribution to nearly 30% of India's gas production, says Mukesh D. Ambani, Chairman & Managing Director, Reliance Industries Limited (RIL) while speaking at the 45th Annual General Meeting (Post-IPO).
This will help meet India's growing demand indigenously, leading to import savings of nearly US $9 billion/annum added Ambani.
Reliance Industries Limited Oil & Gas team has done a spectacular turnaround, with production jumping nine times and revenues crossing a billion dollars. With 19 million standard cubic meters per day of production in ultra-deepwater fields, KG-D6 is presently contributing 20% of India's domestic gas production.
Natural gas is a major source of clean and affordable energy for India, particularly in times of significant global energy crisis.