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Blog / 13 Oct 2020

(Video) Rajya Sabha TV (RSTV) The Big Picture: Natural Gas Economy

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(Video) Rajya Sabha TV (RSTV) The Big Picture: Natural Gas Economy

Topic: Natural Gas Economy

Guest:

  • Narendra Taneja, (Energy Expert)
  • Sushil Chandra Tripathi, (Former Secretary, Ministry of Petroleum & Natural Gas)
  • A. K. Bhattacharya, (Editorial Director, Business Standard)

Topic Description:

The government on Wednesday allowed complete marketing freedom for natural gas produced from non-regulated fields. The Union Cabinet, headed by Prime Minister Narendra Modi, approved a standard e-bidding procedure to discover the price of gas. While producers will continue to be barred from participating in such auctions, affiliates would be allowed to bid. However, the existing pricing mechanism for gas produced by state-owned ONGC and Oil India Ltd from fields given to them on a nomination basis would continue. The marketing reform would help add 40 metric million standard cubic metres per day (mmscmd) of production to the existing output of 84 mmscmd.

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Courtesy: RSTV