Gas Pricing Mechanism
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CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
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Government Introduces New Gas Marketing Norms To Help Producers
Mr Pradhan said the new, more transparent price discovery mechanism would help raise daily gas production from the Krishna Godavari basin on the east coast and other parts of the country by 40 mmscm.
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Stop Sale Of Non-BS-VI Vehicles From April 2020, Says Centre
In an affidavit filed in the top court, the Petroleum and Natural Gas Ministry said that it would not be possible to segregate pricing of diesel or have a differential pricing mechanism for fuel for private vehicles.
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Petrol, Diesel Prices May Come Down By Diwali, Says Oil Minister
Prices of refinery oil went up because production of oil dropped by 13% in the US, says Petroleum and Natural Gas Minister.
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Government Acts to Reduce Cost of Urea Supplies to Farmers
The Cabinet on Tuesday approved a move to supply gas for urea production at a uniform price to fertiliser plants through a pooling mechanism, lowering costs and boosting production of the countrys most widely consumed fertiliser.
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Government Has Narrow Window for Gas Price as Deadline Looms Large
The government has a narrow window of one day to approve a new gas pricing mechanism to meet its own deadline of announcing a new rate.
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Gas Price of Over $6.5 Key to Monetization of RIL Discoveries: Deutsche Bank
A gas price of over $6.5 per million British thermal unit is a prerequisite for early monetization of discoveries made by Reliance Industries, according to Deutsche Bank.
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Panel to Submit Report on New Gas Pricing Formula by Wednesday
The Cabinet Committee on Economic Affairs had on June 25 deferred by three months the implementation of a formula approved by the previous UPA government which would have doubled gas price to $8.4 per million British thermal unit.
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Government Sets up a Four-Member Panel to Re-Examine Gas Pricing
India has set up a four-member panel of secretaries from different ministries to work out a new gas pricing mechanism, a senior official at the oil ministry said on Friday.
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Government Clears Steps on Gas Price Pooling for Power Plants: Report
The government has approved several relief measures such as exclusion of projects receiving gas under the Administered Pricing Mechanism from pooling and a financial package to benefit plants worth Rs 1.2 lakh crore stranded due to shortage of fuel.
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New gas price mechanism to boost profits of ONGC, Reliance Industries: S&P
The new gas pricing mechanism to improve the cash flows and profitability of both ONGC and RIL to varying degrees, it said.
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Asian LNG buyers should come together to demand fair pricing: Prime Minister
Prime Minister Manmohan Singh on Saturday called upon major Asian buyers of LNG to demand a fair pricing mechanism for gas being imported from outside of continent as the region has been a driver of the global LNG demand in recent times.
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Rangarajan panel recommends average global prices for domestic gas
The Prime Minister-appointed Rangarajan Committee has suggested mandating a price of domestically produced natural gas at an average of international hub prices and cost of imported LNG instead of present mechanism of market discovery.
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Gujarat High Court orders all vehicles to switch to CNG in 1 year
The court also directed the Centre to allocate CNG to Ahmedabad at the same price as it supplies to Delhi. "State is directed to pass necessary orders within shortest possible period, at any rate not exceeding one year from today, compelling the owners of all vehicles having registration in Gujarat to use natural gas, and if necessary, even at high...
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Price-regulated gas will not be diverted, says Jaipal Reddy
Price-regulated natural gas will not be diverted to meet a shortage in natural gas supply, he said.
-
CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
-
Government Introduces New Gas Marketing Norms To Help Producers
Mr Pradhan said the new, more transparent price discovery mechanism would help raise daily gas production from the Krishna Godavari basin on the east coast and other parts of the country by 40 mmscm.
-
Stop Sale Of Non-BS-VI Vehicles From April 2020, Says Centre
In an affidavit filed in the top court, the Petroleum and Natural Gas Ministry said that it would not be possible to segregate pricing of diesel or have a differential pricing mechanism for fuel for private vehicles.
-
Petrol, Diesel Prices May Come Down By Diwali, Says Oil Minister
Prices of refinery oil went up because production of oil dropped by 13% in the US, says Petroleum and Natural Gas Minister.
-
Government Acts to Reduce Cost of Urea Supplies to Farmers
The Cabinet on Tuesday approved a move to supply gas for urea production at a uniform price to fertiliser plants through a pooling mechanism, lowering costs and boosting production of the countrys most widely consumed fertiliser.
-
Government Has Narrow Window for Gas Price as Deadline Looms Large
The government has a narrow window of one day to approve a new gas pricing mechanism to meet its own deadline of announcing a new rate.
-
Gas Price of Over $6.5 Key to Monetization of RIL Discoveries: Deutsche Bank
A gas price of over $6.5 per million British thermal unit is a prerequisite for early monetization of discoveries made by Reliance Industries, according to Deutsche Bank.
-
Panel to Submit Report on New Gas Pricing Formula by Wednesday
The Cabinet Committee on Economic Affairs had on June 25 deferred by three months the implementation of a formula approved by the previous UPA government which would have doubled gas price to $8.4 per million British thermal unit.
-
Government Sets up a Four-Member Panel to Re-Examine Gas Pricing
India has set up a four-member panel of secretaries from different ministries to work out a new gas pricing mechanism, a senior official at the oil ministry said on Friday.
-
Government Clears Steps on Gas Price Pooling for Power Plants: Report
The government has approved several relief measures such as exclusion of projects receiving gas under the Administered Pricing Mechanism from pooling and a financial package to benefit plants worth Rs 1.2 lakh crore stranded due to shortage of fuel.
-
New gas price mechanism to boost profits of ONGC, Reliance Industries: S&P
The new gas pricing mechanism to improve the cash flows and profitability of both ONGC and RIL to varying degrees, it said.
-
Asian LNG buyers should come together to demand fair pricing: Prime Minister
Prime Minister Manmohan Singh on Saturday called upon major Asian buyers of LNG to demand a fair pricing mechanism for gas being imported from outside of continent as the region has been a driver of the global LNG demand in recent times.
-
Rangarajan panel recommends average global prices for domestic gas
The Prime Minister-appointed Rangarajan Committee has suggested mandating a price of domestically produced natural gas at an average of international hub prices and cost of imported LNG instead of present mechanism of market discovery.
-
Gujarat High Court orders all vehicles to switch to CNG in 1 year
The court also directed the Centre to allocate CNG to Ahmedabad at the same price as it supplies to Delhi. "State is directed to pass necessary orders within shortest possible period, at any rate not exceeding one year from today, compelling the owners of all vehicles having registration in Gujarat to use natural gas, and if necessary, even at high...
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Price-regulated gas will not be diverted, says Jaipal Reddy
Price-regulated natural gas will not be diverted to meet a shortage in natural gas supply, he said.
