How Big is KG Basin Gas worth??? Is it worth taking risk to kill a CM ?

[kingmakers]

No one in state media properly educated the people of the state, how much is the gas found in the Godavari basin worth.

Is it big enough, to kill a CM of the state?

Is it big enough to take a risk and divide the state?

[kingmakers]

Reliance's gas reserves in its exploratory block KGDN-6, off Vishakapatnam, are to the tune of 40-50 million cubic metres per day and are expected to go up to 100 cubic metres of gas over a 10-year period.

Reliance's gas reserves are expected to feed the gas-starved country for almost a century. The firm will have to invest more than Rs 7,000 crore (Rs 70 billion) in extracting gas from the Krishna-Godavari basin.

[kingmakers]

Reliance Industries' gas discovery in the Krishna-Godavari basin is expected to change the energy supply economics in the country with the reserves estimated to be around 40 times bigger than that of the Bombay High field, and double the total gas production of Oil and Natural Gas Corporation. 

[kingmakers]

what is discovered till now:

* 14 trillion cubic feet of gas by Reliance Industries in KG-DWN-98/l (KG-D6) in 2002.[1]
* 20 trillion cubic feet (5.7×1011 m3)cubic feet of gas by Gujarat State Petroleum Corporation in June 2005.[3]
* 20 trillion cubic feet (5.7×1011 m3) of gas at D-3 and D-9 blocks by Reliance Industries in May 2009. [4]
* 10 trillion cubic feet (2.8×1011 m3) of gas by ONGC in June 2009. [5]

[kingmakers]

INDIA has claimed its biggest gas discovery, a deposit in the Bay of Bengal that could double the country’s gas production and bring into question major projects to import liquefied natural gas into the country.

Gujarat State Petroleum Corporation (GSPC), a state-owned enterprise, said that it had found 20 trillion cubic feet of gas in the Krishna Godavari Basin, an area offshore of Andhra Pradesh state in the southeast of the sub-continent.

[kingmakers]

According to wiki we import 2,098,000 barrels per day (2004 estimate) ante ...mottham one year ki bareel rate 70 dollars esukunte ....
2,098,000*365*70=53 603 900 000 dollars

Close to 53 billion dollars.....per year.
KG lo 20 years ki saripada gas vundhi ante KG basin gas value mottham 1Trillion Dollars....ante america mottham Appu antha anamaata.......

I gues someone already set their eyes on it......

[url=http://en.wikipedia.org/wiki/List_of_countries_by_oil_imports]http://en.wikipedia.org/wiki/List_of_countries_by_oil_imports[/url]

[kingmakers]

Reliance gas dispute like war between two nations: SC


The dispute over natural gas from Krishna-Godavari basin is not a fight between two companies, but one between two brothers, Mukesh and Anil Ambani, the Supreme Court observed on Tuesday, as it commenced hearing the high-profile legal battle.
"It's like two countries, where there is no fight between their people," observed the three-member bench of Chief Justice K.G. Balakrishnan, Justice R.V. Raveendran and Justice P. Sathasivam.

"The fight is between the two persons, who are heading the country. But the fight has percolated down to the people," the bench added, while hearing the arguments by senior counsel Harish Salve, appearing for Mukesh Ambani-led Reliance Industries.

During the two-hour hearing, the bench also said the battle was personal in nature.

The court also asked the media to exercise restraint and said the observations by the justices were only intended to elicit the views of the contending counsels and should not be construed as an expression of their views.

The arguments by Reliance Industries counsel remained inconclusive and will resume Wednesday.

At the crux of the dispute is the supply of natural gas from the Krishna-Godavari basin, awarded for exploration and harnessing to Reliance Industries, before a split in 2005 in the group founded by legendary industrialist, the late Dhirubhai Ambani.

Based on a family reorganisation pact, the Anil Ambani Group wants 28 million units of gas per day for 17 years at $2.34 per unit. But Reliance Industries says it can only sell it for $4.20 per unit, claiming this was the price approved by the government.

The Bombay High Court had upheld the claim by the younger brother Anil Ambani's group in a verdict delivered in June, which was challenged by Reliance Industries in the apex court.

The government, too, has joined the dispute as an interested party, saying gas was the property of the state and cannot be fought over by two rival corporate houses.

[nandamuribidda]

annai annibagunnai manaki ayina ee daridaram entanna manam inka developing lone vunnam

[Sambavami yugeyuge]

*=: *=:

[gladiator]

hi mama? enti ee topic meeda manchi voopu tho vunnaavu... cheers12w

[kingmakers]

[quote author=gladiator link=topic=31092.msg214835#msg214835 date=1262938620]
hi mama? enti ee topic meeda manchi voopu tho vunnaavu... cheers12w
[/quote]

time pass mama anthe

[hanuchava]

[quote author=kingmakers link=topic=31092.msg214822#msg214822 date=1262938154]
According to wiki we import 2,098,000 barrels per day (2004 estimate) ante ...mottham one year ki bareel rate 70 dollars esukunte ....
2,098,000*365*70=53 603 900 000 dollars

Close to 53 billion dollars.....per year.
KG lo 20 years ki saripada gas vundhi ante KG basin gas value mottham 1Trillion Dollars....ante america mottham Appu antha anamaata.......

I gues someone already set their eyes on it......

[url=http://en.wikipedia.org/wiki/List_of_countries_by_oil_imports]http://en.wikipedia.org/wiki/List_of_countries_by_oil_imports[/url]
[/quote]



how did you valuate the KG basin 1 trillion.
as  my knowledge its worth around $80 billions only. aina YSR ni chapithe vaadiki em benefit adi already vaadi daggare undi moreover sonia gandi ki mukesh bagaa close. indulo YSR role ento naaku ardham kaavadam ledu

[hanuchava]

bayya nuvvu oka vishyam gamanichu mana oil imports ni natural gas replace cheyyadam ledu. so 50*20= $1 trillion correct kaadu