In order to bring about equality in the price of imported and domestic natural gas, the union oil ministry has worked out a a Uniform Gas Price Policy.
Minister for Petroleum and Natural Gas M Veerappa Moily informed told that he did not know whether the policy has to go to the cabinet or not. Imported gas currently costs high, he pointed out.
It may be noted that the price of natural gas depends on the country from where it is imported. In Qatar it is a little less ($18), other countries it is $21. Shale gas may work out very cheap. Now we are working towards parity (in price) between imported and domestic gas, Moily told reporters.
By 2016-17, the country may achieve self-sufficiency in gas, he pointed out. He expects 2 MMSCMD (metric million standard cubic metre per day) gas of ONGC to be available in June.
He also informed that the ministry was working on clearing some of the obstacles in the way to implementing the New Exploration Licensing Policy (NELP) projects.
Moily further said that his ministry worked out the shale gas policy and it would come to the union cabinet any time. On Coal Bed Methane (CBM), the minister said the policy evolved in 1997 was now being revised.
Leave a Reply
You must be logged in to post a comment.