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Natural gas producers continue to make losses as govt-dictated prices remain low: Icra


Natural gas producers continue to make losses as govt-dictated prices remain low: Icra
The domestic gas price notified at $1.79 per million British thermal unit for the six months beginning April 1 remains the lowest since the institution of the modified Rangarajan formula
PTI | April 3, 2021 | Updated 16:29 IST
Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains at its lowest level, rating agency Icra has said.
The domestic gas price notified at $1.79 per million British thermal unit for the six months beginning April 1 remains the lowest since the institution of the modified Rangarajan formula. ....

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Gas producers continue to bleed as govt-dictated prices remain low: Icra


Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains at its lowest level, rating agency Icra has said.
The domestic gas price notified at USD 1.79 per million British thermal unit for the six months beginning April 1 remains the lowest since the institution of the modified Rangarajan formula.
Additionally, the ceiling on price for gas produced from deep water, ultra deepwater, high temperature and high-pressure fields has also been announced at USD 3.62 per mmBtu for April-September 2021-22 which is 10.8 per cent lower than the price ceiling of USD 4.06 for October-March 2020-21 which would dampen the development of such projects. ....

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Gas producers continue to bleed as govt-dictated prices remain low, says Icra


Gas producers continue to bleed as govt-dictated prices remain low, says Icra
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Last Updated: Apr 03, 2021, 02:28 PM IST
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Synopsis
The ceiling on price for gas produced from deep water, ultra deepwater, high temperature and high-pressure fields has also been announced at USD 3.62 per mmBtu for April-September 2021-22 which is 10.8 per cent lower than the price ceiling of USD 4.06 for October-March 2020-21 which would dampen the development of such projects.
Reuters
Commencement of new CNG stations in recently awarded cities is also contributing to growth.
Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains at its lowest level, rating agency ....

United Kingdom , Sabyasachi Majumdar , Prashant Vasisht , Reliance Industries Ltd , Central Electricity Authority , Group Head , Indian Rupee , Senior Vice President , Corporate Sector Ratings , North Asia , Central Electricity , Vice President , Co Group Head , Corporate Ratings , Natural Gas , Gas Price , Gas Producers , ஒன்றுபட்டது கிஂக்டம் , சபியசச்சி மஜும்தார் , பிரஷண்ட் வாசிஷ்த் , நம்பகத்தன்மை தொழில்கள் லிமிடெட் , மைய மின்சாரம் அதிகாரம் , குழு தலை , இந்தியன் ரூபாய் , மூத்தவர் துணை ப்ரெஸிடெஂட் , பெருநிறுவன துறை ரேடிஂக்ஸ் ,