Government to Lift Pricing Restrictions on Locally Produced Natural Gas

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.


Track Real Time Prices

Related News

Ethylene Prices Decrease in the USA and Europe Amidst Lackluster Downstream Demand
  • 09-Dec-2022 3:53 PM
  • Journalist: Robert Hume
Slow Downstream Demand Drives the Ethylene Prices in the USA and European Market
  • 29-Nov-2022 4:24 PM
  • Journalist: Kim Chul Son
Despite Weak Downstream Demand, Ethylene Prices Continue to Increase in the European Market
  • 10-Oct-2022 6:39 PM
  • Journalist: Peter Schmidt
Global Ethylene Prices Continue Their Bearish Rally Amid Weak Demand From the Downstream Industries
  • 28-Sep-2022 6:00 PM
  • Journalist: Jacob Kutchner