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Gas allocation to be rejigged; CGD projects to get 1st priority

In a major rejig of natural gas allocation policy, the government will give firms selling CNG and piped cooking gas top-most priority for allocating the scarce domestic resource.

CNG price cut to offer temporary relief to consumers: Goldman

Goldman Sachs estimates the price of locally produced natural gas will climb to USD 7.8 per million British thermal units in April from USD 4.2 currently after the Rangarajan formula for pricing domestic gas is implemented.

Nov 2013 natural gas allocation guidelines revised: Govt tells SC

The government also withdrew its petition from SC which challenged Gujarat and Bombay HC verdict on guidelines.

EGoM on gas to meet on July 17

A high-powered ministerial panel is likely to meet on July 17 to consider abolishing the priority ranking in natural gas allocation so that fuel currently consumed by urea plants can also be diverted to fuel-starved power plants.

EGoM on gas to meet on May 28

An Empowered Group of Ministers (EGoM) may meet on Tuesday to consider abolishing the priority ranking in natural gas allocation so that fuel currently consumed by urea plants can also be diverted to fuel-starved power plants.

Oil Ministry for abolishing gas priority

The Oil Ministry has proposed to abolish the priority ranking in natural gas allocation so that the scarce resource currently consumed by urea plants can also be diverted to fuel-starved power plants.