PNGRB approved sale of Mukesh Ambanis pipeline to Brookfield

Posted on:29 Oct 2018 12:03:05
PNGRB approved sale of Mukesh Ambanis pipeline to Brookfield
29 October 2018 Current Affairs:

Mukesh Ambani’s Reliance Gas Transportation Infrastructure Ltd. has won oil regulator Petroleum and Natural Gas Regulatory Board’s (PNGRB) approval for selling its loss-making east-west natural gas pipeline to Canadian investor Brookfield.
A decade back Brookfield built a 1,400-km pipeline from Kakinada to Bharuch to transport natural gas discovered in a KG basin block operated by Reliance Industries. The pipeline has a capacity to transport 80 million standard cubic metres per day of natural gas and is currently operating at less than 5% of its capacity as output from KG-D6 block of RIL.

Mukesh Ambani’s Reliance Gas Transportation Infrastructure Ltd. has won oil regulator Petroleum and Natural Gas Regulatory Board’s (PNGRB) approval for selling its loss-making east-west natural gas pipeline to Canadian investor Brookfield.
A decade back Brookfield built a 1,400-km pipeline from Kakinada to Bharuch to transport natural gas discovered in a KG basin block operated by Reliance Industries. The pipeline has a capacity to transport 80 million standard cubic metres per day of natural gas and is currently operating at less than 5% of its capacity as output from KG-D6 block of RIL.


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