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Natural gas prices in India likely to be cut by steep 25 per cent from April

Sunday, February 23, 2020, 3:24 PM

Natural gas prices in India are likely to be cut by a steep 25% beginning April, in line with the slump in global rates, sources said. Sources said the price of gas produced from difficult fields too is likely to be cut to USD 5.50 from USD 8.43 per mmBtu now. Natural gas price was last cut by 12.5 per cent on October 1.
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RIL draws government ire by monopolising sale of its own CBM

Wednesday, October 30, 2019, 3:39 PM

The government is weighing options of terminating the production-sharing contract(PSC) or invoking arbitration to penalise Reliance Industries(RIL) for selling to itself all the coal bed methane(CBM) it produces, allegedly in violation of policy, sources said. The government has informed RIL of its objection to the gas sale, but the company asserted it had acted transparently and correctly, sources familiar with the development said.