{"id":287328,"date":"2019-08-16T07:18:34","date_gmt":"2019-08-16T07:18:34","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287328"},"modified":"2019-08-16T07:18:34","modified_gmt":"2019-08-16T07:18:34","slug":"demand-for-cut-in-gas-rates-as-global-lng-prices-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/demand-for-cut-in-gas-rates-as-global-lng-prices-fall\/","title":{"rendered":"Demand for cut in gas rates as global LNG prices fall"},"content":{"rendered":"<p>New Delhi: A collapse in global liquefied natural gas (LNG) prices is fuelling demand at home for reworking the government-set price ceiling for gas from difficult terrains to cut high domestic rates in line with global prices, a move that could cap gains for producers such as ONGC and Reliance IndustriesNSE -0.62 % while boosting affordability for consumers. <\/p>\n<p>The price ceiling for gas from difficult fields today stands at $9.32 per million metric British thermal unit (mmBtu) while the domestic formula price, which applies to most locally-produced gas, is $3.69 per mmBtu. By comparison, the spot rates of LNG delivered to Indian shores are in the range of $3.5-$4 per mmBtu. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: A collapse in global liquefied natural gas (LNG) prices is fuelling demand at home for reworking the government-set price ceiling for gas from difficult terrains to cut high domestic rates in line with global prices, a move that could cap gains for producers such as ONGC and Reliance IndustriesNSE -0.62 % while boosting affordability for consumers. The price ceiling for gas from difficult fields today stands at $9.32 per million metric British thermal unit (mmBtu) while the domestic formula price, which applies to most locally-produced gas, is $3.69 per mmBtu. By comparison, the spot rates of LNG delivered [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-287328","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287328"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287328\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}