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Reliance seeks USD 5.4 minimum price for new gas from KG-D6

Reliance Industries is looking for a minimum price of USD 5.4 per unit for the natural gas it will produce from the newer fields in Bay of Bengal block KG-D6 changing the parameters to suit government policies. Reliance and its partner, BP Plc of UK, have already sought bids from potential users for the 5 million standard cubic meters per day of natural gas they will supply from the second quarter of 2020.