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$9 billion! That's how much India will save with the RIL KG D-6

April 2, 2009

The first of the 15 fertiliser plants that will get all of the initial output is expected to get the gas in 3-4 days time, he said, adding, "The most distant plant will get the gas in about 15 days. In four months time, the production will be 40 mmscmd and in about a year's time it will be 80 mmscmd."

"It will reduce our oil import bill by about $9 billion annually during peak production at current prices," Pandey said, adding that gas sales over the 11 year-life of the field will generate $42 billion in revenue.

The government's share in the production would amount to a minimum $14 billion, he said.

Image: Reliance Industries' KG-D6 control and raiser platform is seen off the Bay of Bengal. | Photograph: Reuters

Also read: G-20: Why people are protesting

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