Reliance Industries Ltd is inviting bids for 0.90 million standard cubic meters per day of coal-bed methane (CBM) gas from its Madhya Pradesh block. The company has set a minimum price of $10 per mmBtu, including a premium quoted by users over 12.67% of the Dated Brent crude oil price. The e-auction is scheduled for January 31, with a contract duration of 1 to 2 years beginning April 1. This pricing approach is a modification from the March 2022 auction, where Reliance sought bids at a premium over the base of 13.2% of the Brent crude oil price.