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Aug 07:
Matix slashes CBM need to 1.50 mmscmd and yet falling short
Aug 07:
In a bid to be able to get its urea-ammonia plant off the ground, Matix Fertilizers and Chemicals has slashed its demand for CBM to 1.50 mmscmd
8And yet the gas needed falling short of the CBM produced by Great Eastern Energy Corporation Ltd and Essar Oil Ltd
8But company sources are confident that the project will be able to get off the ground soon
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Question in Parliament
(a) whether it is a fact that Matrix Fertilizers and Chemicals Ltd. is ready for commissioning at Panagarh, West Bengal;
(b) whether it is also a fact that commissioning of the aforesaid concern is being delayed for want of requisite quantity of Coal Bed Methane (CBM); and
(c) if so, the reasons for non-availability of CBM for such a long period?
Yes, Sir
As informed by Ministry of Petroleum & Natural Gas, M/s Essar Oil Ltd (EoL) and Great Eastern Energy Corporation Ltd. (GEECL) were producing around 0.3 MMSSCMD and 0.4 MMSCMD of CBM respectively from their CBM Blocks, which cumulated only to 0.7 MMSCMD of gas which was not sufficient to commission the Matix plant.
Later on it was understood that Matix Fertilizers curtailed their requirement of gas to 1.50 MMSCMD.
In the meantime, during September 2016, EOL’s production ramped up to 1.00 MMSCMD however, CBM production of GEECL was still stagnant around 0.4 MMSCMD, which was again not enough to commence commissioning of plant.
Government has now notified the Policy on 11.04.2017 for Early Monetization of CBM contracts which provides pricing and marketing freedom to CBM contractors to sell CBM gas at Arm’s Length Price in the domestic market.
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