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News
Gas Pricing
Gas Pricing News
gas
30 Mar 2016
Govt to cut natural gas prices by 17% to $3.15 per mmBtu
As per the new gas pricing formula approved by the NDA-government in October 2014, gas prices are to be revised every six months and the next change is due on April 1.
natural gas
14 Mar 2016
New policies to attract investments in oil & gas sector: S&P
The new price formula and calibrated marketing freedom for gas produced from fields in difficult terrain could help attract investments in India's oil and gas sector, said Standard & Poor's Ratings Services.
Anil Agarwal
13 Mar 2016
Filed suit against govt to expedite pricing case: Anil Agarwal
Lamenting that decision making in India could have been quicker, mining baron Anil Agarwal has said his company Cairn India filed a suit against government to "help" latter decide on price and tenure of Rajasthan oilfield faster.
D5 Block
12 Mar 2016
D5 Block: ONGC sees over $4 billion investment, announcement very soon
On the heels of the government announcing a slew of reforms in the oil and gas sector, state-run explorer ONGC today said it will finalise "a multi- billion dollar investment plan" for the 98/2 fields of D5 Block in the KG Basin by the month-end or early April
Gas Pricing
11 Mar 2016
Gas pricing freedom for RIL only if it withdraws arbitration
The government's move to free gas pricing for undeveloped gas fields in difficult areas will not apply to Reliance Industries' KG-D6 finds unless the Mukesh Ambani firm withdraws arbitration challenging the government's authority to decide rates.
Gas Pricing
25 Nov 2015
Free gas pricing policy won't help 15-17 Tcf gas discoveries
Government move to free natural gas pricing will not resolve the issue of economically developing already discovered 15-17 trillion cubic feet of gas reserves as the policy will only apply to future finds.
Gas Pricing
02 Oct 2015
India should benchmark gas price to deficit nations: S&P
India should benchmark its natural gas prices to similar gas-deficient nations instead of using rates prevalent in gas-surplus geographies like the US and Canada, says Standard & Poor's Ratings Services.
BP Plc
11 Sep 2015
BP for extending marketing, pricing freedom to gas fields
BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.
gas price
28 Aug 2015
Govt to fix formula for premium on gas pricing soon: Pradhan
Petroleum Minister Dharmendra Pradhan on Friday said the government would soon finalise a formula to calculate premium on gas pricing for difficult blocks.
gas price
10 Aug 2015
Govt to announce new gas price formula for 'difficult fields'
Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said Monday.
RIL
06 Aug 2015
HC to decide on Aug 11 bench to hear RIL, Centre pleas
The Delhi High Court Thursday said it will decide on August 11 the bench that will hear RIL and the Centre's pleas against the city government's decision to lodge an FIR against two former Union ministers in connection with alleged irregularities in raising the price of gas from the company's KG6 basin.
gas
18 Feb 2015
Stable policy regime must for investments in gas sector: Expert
Slamming the new natural gas formula as making "no sense", world renowned energy expert Fereidun Fesharaki has said only guaranteed market prices along with stable policy regime would bring in investments from global majors.
Gas Pricing
14 Nov 2014
Fresh guidelines to supersede UPA's policy: Centre to SC on gas pricing
The Rangarajan formula on gas pricing was approved by the previous UPA government. Rangarajan was Chairman, Economic Advisory Council to the then Prime Minister.
Gas Pricing
22 Oct 2014
Decision on premium for deep sea gas discoveries by early 2015
The government will by early next year decide on the premium that will be paid for new gas discoveries in deep-sea over and above the just approved rate of USD 5.61, Oil Secretary Saurabh Chandra said Wednesday.
ONGC
19 Oct 2014
Gas price hike to add Rs 1,950 cr to ONGC profits this fiscal
State-owned Oil and Natural Gas Corp (ONGC) will rake in about Rs 1,950 crore in additional profit this fiscal from the 46 percent rise in natural gas prices announced by the government.
Narendra Modi
18 Oct 2014
Modi's govt frees diesel prices, easing state grip on economy
The decision is providing a fillip to investor hopes that the government may take more steps to modernise India`s economy and revive stumbling growth.
Gas Pricing
18 Oct 2014
Govt raises natural gas price to $5.61/unit
The government on Saturday approved raising natural gas price to USD 5.61 per mmBtu from November 1 but Reliance Industries will continue to get current USD 4.2 rate till it makes up for shortfall in output from KG-D6 block.
Anti-Corruption Branch
16 Oct 2014
Gas price: ACB can prosecute RIL, Moily, Deora, Delhi govt tells HC
The Delhi High Court was Thursday informed by the city government that its Anti-Corruption Branch has the power to probe the case against RIL and former UPA ministers Veerappa Moily and Murli Deora relating to alleged irregularities in raising price of gas from the company's KG6 basin.
Gas Pricing
24 Sep 2014
Cabinet postpones decision on revision in gas prices till Nov 15
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday postponed decision on revision in gas prices till November 15 amidst sharp difference between the oil ministry and power ministry over the quantum of increase.
Gas Pricing
23 Sep 2014
Govt 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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