In a notable development, Oil India Limited (OIL) and GAIL (India) Limited have signed gas sale and purchase agreement (GSPA) for supply of up to 900,000 standard cubic meters per day (scmd) natural gas, starting from July 2025.
As per the agreement, OIL would supply natural gas from its Rajasthan fields to Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL)’s power plants via GAIL’s transmission network for a period of 15 years.