ONGC sells KG gas to Torrent, GAIL at USD 11
State-owned Oil and Natural Gas Corporation (ONGC) has sold its initial gas production from the KG basin fields to three firms, including Torrent Gas. The company sold 1.4 million standard cubic meters per day in an e-auction. GAIL bought 0.8 mmscmd, HPCL bought 0.42 mmscmd, and Torrent bought 0.12 mmscmd.