Natural gas prices in the country are revised every six months based on a pricing formula notified in October 2014. The formula pegs the price to the weighted average of four global benchmarks including US-based Henry Hub, Canada-based Alberta gas, UK-based NBP and Russian gas prices registered in the past one year with one quarter lag. The other method is to link India’s natural gas prices to the international market, more specifically to the benchmarks of the U.S., UK, Japan, and those of countries such as Qatar and Australia. The US and UK benchmarks – the Henry Hub and National Balancing Point respectively – are determined by their local gas exchanges, whose prices The price of most of the natural gas produced by ONGC and Oil India Ltd was cut to USD 3.23 per mmbtu for the six-month period beginning October 1. India cuts natural gas price by over 12 per cent. Gas price according to the Rangarajan formula was at par or lower than the difficult field price. Latest NATURALGAS rate/price in India, Bullion stock quote, Live NATURALGAS News, Updates, Price Chart, Lot Size, NATURALGAS MCX Price, Price Forecast Natural Gas (USD/OANDA) Natural Gas Sub: Domestic Gas Price November, 2014- Marc , 2015. In accordance with Para 8 of the "New Domestic atural Gas Pricing Guidelines,2014" issued by Ministry of Petroleum and Natural Gas ( oPNG), Govt. of India, the price of domestic natural gas for the period 1 st Novembe , 2014 to 31st March, 2015 is given hereunder: India raises natural gas prices by 16 per cent; First hike in 3 years. India today increased natural gas prices by 16 per cent to $2.89 per unit for the six months period beginning October, in first hike in three years in the prices of the key raw material for major infrastructure industries.
Five years from April 1, 2014. The date is when the current agreement with Reliance Industries for its gas from the KG Basin off India's east coast expires. This contract had a clause linking it to global oil prices, with a maximum of $60 per barrel - well below current levels. It effectively capped domestic gas prices at $4.2 per mmBtu. It said gas from April will be priced at an average price of liquid gas (liquefied natural gas or LNG) imports into India and benchmark global gas rates. This formula will be applicable for five
13 Feb 2019 The price of gas produced from difficult fields will rise to about $9 per of Oil India and private sector RIL's KG-D6 block, are sold at the formula 8 Jul 2013 A price obtained by taking the cost of liquefied natural gas (LNG) imports into India under long-term contracts and removing charges such as 20 Sep 2018 June saw the first cargo of Russian liquefied natural gas, from of fixed domestic gas prices, currently based on a formula derived from prices
The price of most of the natural gas produced by ONGC and Oil India Ltd was cut to USD 3.23 per mmbtu for the six-month period beginning October 1. India cuts natural gas price by over 12 per cent. Gas price according to the Rangarajan formula was at par or lower than the difficult field price. Latest NATURALGAS rate/price in India, Bullion stock quote, Live NATURALGAS News, Updates, Price Chart, Lot Size, NATURALGAS MCX Price, Price Forecast Natural Gas (USD/OANDA) Natural Gas
Natural gas prices in the country are revised every six months based on a pricing formula notified in October 2014. The formula pegs the price to the weighted average of four global benchmarks including US-based Henry Hub, Canada-based Alberta gas, UK-based NBP and Russian gas prices registered in the past one year with one quarter lag.