Category

Countries

Government to Lift Pricing Restrictions on Locally Produced Natural Gas

  • 12-Nov-2019 3:06 PM
  • Journalist: Patrick Knight

The government has initiated talks on lifting price restrictions which have been imposed on domestically produced natural gas. The changes would soon be finalized by the cabinet so that the new pricing system is implemented at the earliest. Under the proposed changes, the producers would be allowed to sell a portion of their total output at prices negotiated with customers. This would drive the overall oil market which has remained stagnant for a quiet a while and would also attract investments. At present, the market rates for oil from deep sea and other difficult fields are required to remain lower than government prescribed ceiling and the new policy would also revise the ceiling price.

Related News

Volatile Market Dynamics Dwindling Ethylene Prices In Europe
  • 30-Jun-2022 5:19 PM
  • Journalist: Timothy Greene
World’s Largest Petrochemical Plant to Be Constructed by Chinese–Russian Joint Venture
  • 18-Oct-2019 11:00 AM
  • Journalist: Patrick Knight
GAIL to be Bifurcated; Pipeline Business Expected Not to be Sold Before 2022
  • 15-Oct-2019 11:00 AM
  • Journalist: Patrick Knight
Nayara Energy to spend ?1.5 lakh crore for capacity expansion
  • 12-Sep-2018 9:00 PM
  • Journalist: Patrick Knight