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Natural gas pricing News

Oil and Natural Gas Corp

22 Mar 2017

ONGC seeks gas price review; wants floor rate fixed at $4.2

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.

Oil & gas block

17 Nov 2015

Oil & gas block auction policy to be ready by FY16: Pradhan

In September, the government had allowed pricing freedom for the gas produced from 69 small and marginal fields.

17 May 2015

Government to allow market price for some natural gas

The government may allow a part of the natural gas produced by firms like ONGC and Reliance Industries from new discoveries to be sold at market price as it looks to boost domestic exploration and production.

13 Aug 2014

Govt to announce new gas price formula by September end

The Rangarajan formula was to be implemented from April 1 but was deferred by three months as general elections were announced.

Foreign Investment

17 Jun 2014

India plans to ease foreign investment in oil, gas sector

With foreign investment almost drying up in India's oil and gas sector, Petroleum Minister Dharmendra Pradhan on Tuesday promised an overhaul to make policies predictable, transparent and fair to investors.

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