$2 Trillion Gas Discoveries SABOTAGE
$2 Trillion Gas Discoveries SABOTAGE by Modi, Mukesh-Anil Ambani
India had already discovered Natural Gas – a clean and very
efficient very cheap fuel worth $2 Trillion but Modi, Mukesh and Anil
sabotaged it. Modi and Mukesh has over 80 Blocks and 80% of Gas
Discoveries are Politically Conspiring and Hoarding Gas and deliberately
SABOTAGING wells to stall economic progress.
Can you believe Sand and Water Ingress in Gas fields that hold
$Trillions worth of mainly Gas – biggest discovery in the world in 2001?
Click following and Page 3.
Page 3.
By now India ought to be producing 200Million Cubic Meter of Gas
Per Day from both KG Basin discoveries. This is 180,000 Tones per day of
Petroleum Equivalent – 66 million tones of Petroleum but efficiency of
Gas based power stations is 55% to around 35% for Diesel Power – so in
my earlier calculations also I have taken a figure of 100 million tones
of petroleum or $100b annually.
Our own cheap gas.
Anil Ambani with huge power projects ought to have commercialized 15,000MW thermal power.
Detailed calculations are in the end.
India could have been fully Electrified, Running CNG vehicles, Pakistan already have 70% vehicles running on natural gas.
Ravinder Singh
June10, 2012
1. Narendra Modi owned GSPC discovered huge gas reserves Deen Dyal
Field next to KG Basin in 2005. But has not yet commercialized it.
2. Mukesh Ambani – discovered several Gas Fields from 2001 onwards but production from KG Basin has declined
RIL seeks huge rise in KG-D6 gas price
Mukesh Ambani-led Reliance Industries Ltd (RIL) has sought a
two-three fold increase in the price of gas being produced from its
Krishna-Godavari(KG)-D6 fields, also India’s largest gas producing
field, off the eastern coast. In a recent letter addressed to the
empowered group of ministers (EGoM), which will decide
on whether or not to raise the price of KG-D6 gas before 2014, RIL
has said the price of gas from KG-D6 should be linked to the price of
imported LNG secured under long-term contracts.
Against the KG-D6 gas price of $4.2 per unit, the landed price of
imported LNG secured through long term contracts is around $10-12 per
unit. “While the price of $4.2 per unit certainly needs revision, its
linkage to imported LNG is not
correct,” said a former petroleum secretary on the condition of anonymity.
“At present, the gas that you are planning to import from
Turkmenistan exclusive of transportation and other charges is $7-7.5 a
unit at their border. So if a third country can sell you gas at that
price, why should our own domestic gas be
priced any higher, he added.
RIL has been seeking revision in the price of gas from the KG-D6
field citing contractual requirements. “Given the provisions of the PSC,
the contractor is obliged to conduct sales of gas at the best available
arms length prices for similar sales in the region where gas is freely
sold,” RIL said in its letter.
Stating that a large number of KG-D6 customers are also buying LNG
sourced at the PLL terminal at Dahej under term contracts, where the
price of LNG is linked to international crude prices, RIL said that over
35% of India’s gas demand is met by imported LNG.
RIL’s letter on gas price revision has gone to finance minister Pranab Mukherjee, who is also the chairman of the EGoM.
3. Anil Ambani: acquired BSES in
2001, since then in 12 years against promise of 33,480MW it has
installed just this May commissioned Rosa 1200MW Thermal Power Station
though it is not in the list – this alone will substantially boost power
situation in UP. But Sasan project was first UMPP awarded to Anil
Ambani – Tata Power has already commissioned 800MW Mundra unit a year
ahead of Sasan even as Sasan was awarded three mining blocks also.
Anil Ambani placed a single order for $8.3 billion with Shanghai
Electric Co Ltd (SEC) for buying 36 coal-fired thermal power generation
units, spare parts and related services over a 10-year period. This took
the total deal size between Reliance Power and the Chinese power
equipment maker over the past couple of years to $10 billion making it
the largest contract between a private Indian company and a
government-owned Chinese firm. While Reliance Power has also given a
$2.2 billion deal to US-based General Electric, the agreement signed
with SEC is on a different plane. The Chinese company will supply
boiler, turbine and generator packages for up to 30,000 MW capacity of
coal-based power at six plants, including the ultra mega power project
at Krishnapatnam, the 5,940-MW project in Chitrangi, and the 3,960-MW
project in Tilaiya.
In above Rosa 1200MW generated 677MU and 800MW Tata Mundra
Generated 508MU and Adani generated 1742MU in May2012. Thus Adani is two
years and one year ahead of Anil Ambani and Tata.
This is amazing pvt sector power installed almost 12,000 MW, Tata
and Ambani contributed just 2000MW in spite of BSES and Tata Power
having 80 years in power sector and developing over 60,000MW Power
projects.
This is amazing BSES Mumbai distribution business of Anil Ambani is
stagnant for five years. In 2007 it distributed 8743MU of electricity
that was 9186 in 2011 or 5% but number of consumers increased by 12% and
peak demand increased by 14.7%.
Gas Discoveries Worth $2 Trillion Already Discovered
64 Trillion Cubic Feet of Natural Gas From Just Four Discoveries
It was in 1983 that Gas was first struck in Rajole Well No.1 when
ONGC had a small office in Rajahmundry and Narsapur that was headed by
Iqbal Farooqi. Since that discovery there had been no looking back.
Reliance and others are late players in that area.
14 trillion cubic feet of gas by Reliance Industries in KG-DWN-98/l (KG-D6) in 2002. 6000 feet below the sea floor.
20 trillion cubic feet (5.7×1011 m3) cubic feet of gas by Gujarat State Petroleum Corporation in June 2005.
20 trillion cubic feet (5.7×1011 m3) of gas at D-3 and D-9 blocks by Reliance Industries in May 2009.
10 trillion cubic feet (2.8×1011 m3) of gas by ONGC in June 2009.
Thus India has discovered over 70 Trillion Cubic Feet of Gas including other Onshore and Offshore discoveries.
This is equal to 2 Trillion Meter Cube of Natural Gas.
This is equal to 1.8 Billion Tones of Petroleum. (1 M3 Gas = 0.9 kg.)
This 10.8 Billion Barrels of Petroleum. (1 Tone = 6 Barrels)
Value of Gas at $150 per barrel refined petroleum – this is $1.120 Trillion.
Factoring Clean and Higher Efficiency Use In Combined Cycle Power Generation = Almost $2 Trillion
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