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Govt slashes natural gas price by 16%

Govt slashes natural gas price by 16%

The government, at end September, cut natural gas prices by 16 per cent to $4.24 per unit for the six month period, beginning October 1. The price cut is the second reduction in rates ever, the first being on April 1.

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Ministry allows R-LNG supply to RCF units

Ministry allows R-LNG supply to RCF units

The Fertiliser Ministry has allowed swapping of natural gas from the KG-D6 reserve being supplied to Rashtriya Chemicals and Fertilizers (RCF) units located in Maharashtra with R-LNG, thereby facilitating an additional supply of 2.2 mmscmd to Andhra Pradesh and Telangana, according to an official release.

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Global gas prices converge

Global gas prices converge

Global benchmark prices for natural gas have converged to their closest in five years, a trajectory created by a supply glut and an oil rout. That spells trouble for US and Australian projects coming online this year.

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Gas price in India to dip to $5 in 3 years

Gas price in India to dip to $5 in 3 years

The new natural gas price of $5.61, which is already among the lowest in Asia Pacific, is likely to drop to around $5 per unit in three years due to the variables included in the formula, Goldman Sachs has said.