Indraprastha Gas Limited (IGL), the sole CNG (Compressed Natural Gas) supplier in the national capital, has entered into a Gas Sale and Purchase Agreement (GSPA) with Reliance Industries Ltd (RIL) and its partner NIKO (NECO) Ltd.

Under the agreement, 0.308 mscmd of natural gas from D6 block of Krishna-Godavari basin will be made available to IGL to meet the growing demand of CNG and PNG in NCT of Delhi.

According to sources, the delivered D6 gas price is expected to be close to Rs 12 per standard cubic metre (approximately $6.8/mBtu).

Presently, IGL receives its supply of gas from HVJ pipeline of GAIL.