OIL, GAIL sign 15-year agreement for supply of up to 900,000 SCMD natural gas from Rajasthan fields
Oil India Limited
(OIL) and GAIL (India) Limited have signed a 15-year
Gas Sale and Purchase Agreement
(GSPA) for the supply of up to 900,000 standard cubic meters per day (SCMD) of natural gas from OIL's gas fields in Rajasthan, with effect from July 1, 2025.
The agreement aims to support the natural gas requirement of Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), the state government power utility. The deal was signed at GAIL's corporate office in New Delhi by Ranjan Goswami, Executive Director (Business Development), OIL, and Sumit Kishore, Executive Director (Gas Marketing), GAIL.
The supply arrangement builds on an existing commercial relationship between the two Maharatna Central Public Sector Enterprises under the Ministry of Petroleum and Natural Gas. The agreement aligns with the government's plan to increase the share of natural gas in India's energy mix and promote cleaner fuel usage across sectors.
As per the agreement, the gas from OIL's Rajasthan fields will be supplied through GAIL's transmission network to RRVUNL's power plants.
OIL stated that it will continue to expand its upstream operations through exploration and development efforts in existing and new acreages across the country. GAIL reiterated its focus on gas monetisation through its infrastructure and marketing presence.
The agreement is expected to ensure continuous gas supply from domestic sources for the power sector in Rajasthan.
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