State-run ONGC will ramp up production in at least six to eight gas fields to secure the marketing and pricing freedom announced by the Union cabinet on Thursday. ONGC is likely to contribute significant portion of the 40 mscmd of gas that is projected to be added to the country’s capacity of 80 mscmd.
ONGC currently produces 70 mscmd ( million standard cubic meters per day) of gas from its operational gas fields, which is almost 90% of India’s total production of natural gas.
