KRIBHCO wants gas for Hazira plant
Gas-marketing companies can expect monthly purchase tenders from fertiliser firm Krishak Bharati Cooperative or KRIBHCO until D6 gas supplies become available.
PETROWATCH learns KRIBHCO issued a tender on August 18 seeking 900,000 cm/d of gas for its fertiliser plant in Hazira for September. “KRIBHCO has written to eight companies, among them GAIL, BPCL, IOC and Shell,†we hear.
The last date for bids is August 22. KRIBHCO tells us the contract was purposely kept short because few firms will enter deals for three months or a year, as it wants.
Industry sources believe KRIBHCO should not expect gas below $20/mmbtu. “Shell offered R-LNG to NTPC at $23/mmbtu (including charges and taxes) in a tender concluded last week,†a source said, noting the price was linked to curtailed supply from Petronet-LNG’s Dahej terminal.
KRIBHCO is hopeful of future supplies, as one of five companies that signed a price discovery â€کterm-sheet’ with Reliance for D6 gas last year.