ONGC seeks nod to use gas from legacy fields
New Delhi: Oil and Natural Gas Corporation (ONGC) has proposed that the government permit its petrochemical unit to use the incremental gas it aims to produce from its legacy fields, said its finance chief.
Prices for natural gas produced from the legacy fields of ONGC and Oil India are controlled by the government, which introduced a price band of $4-6.5 per mmbtu for such output in April. The government allocates entire output from these legacy fields to different industries based on a priority ladder it has set.
