Gujarat State Petroleum Corporation (GSPC), the Gujarat government public sector undertaking, has not been able to start commercial production of gas from Krishna-Godavari (KG) Basin despite spending nearly Rs 3,000 crore on it in last two years. Energy & Petrochemicals Minister Saurabh Patel said this before Gujarat Assembly, Thursday, in reply to a starred question raised by Chief Whip of opposition Congress party, Balvantsinh Rajput. Rajput had sought details of money spent on KG Basin in last two years and how much gas was produced from the area in the same period.
Patel has replied that GSPC spent Rs 2,052.31 crore in 2013-14 and Rs 9,45.77 crore in 2014-15 for KG Basin gas exploration site near Andhra Pradesh. Though, Patel has added that so far no commercial gas production from the KG Basin Block of Gujarat has happened.
In 2005, the then Gujarat Chief Minister Narendra Modi had announced that GSPC had discovered gas in one of the blocks of KG Basin, off the coast of Andhra Pradesh. He had also added that it was the biggest gas discovery of India and named the block where the gas was reportedly discovered after RSS ideologue, Deen Dayal Upadhyay.