{"id":338922,"date":"2020-02-25T12:54:16","date_gmt":"2020-02-25T07:24:16","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338922"},"modified":"2020-02-25T12:54:16","modified_gmt":"2020-02-25T07:24:16","slug":"indias-domestic-natural-gas-prices-set-to-nearly-halve-to-10-year-lows-of-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-domestic-natural-gas-prices-set-to-nearly-halve-to-10-year-lows-of-2\/","title":{"rendered":"India\u2019s domestic natural gas prices set to nearly halve to 10-year lows of $2"},"content":{"rendered":"<p>India\u2019s domestic natural gas prices are set to nearly halve to 10Y lows of $2\/mmbtu over the next year. SOE E&amp;Ps will suffer and users like IGL, MGL &amp; GAIL will benefit but perhaps these pre-deregulation levels will prompt the govt. to fix the gas price framework that it instituted soon after it took office in 2014. ONGC &amp; OINL, where $1 adds ~15% to EPS, would have the most to gain from such a miracle.<\/p>\n<p>Prices: APM prices rose after NDA government assumed office to $5.6\/mmbtu NCV from the $4.2 they were at between 2010 and 2014 when they were linked to Reliance\u2019s KG-D6 price but have been soft since. They fell 12.5%, e.g., in the last half-yearly reset in Oct19 to $3.6. And yet, they are set to fall another ~45% over the next two resets in Apr20and Oct20 to 10Y lows of $2\/mmbtu. Sharply lower EU prices on softer LNG are largely to blame but prices are subdued in gas surplus US, Canada &amp; Russia too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s domestic natural gas prices are set to nearly halve to 10Y lows of $2\/mmbtu over the next year. SOE E&amp;Ps will suffer and users like IGL, MGL &amp; GAIL will benefit but perhaps these pre-deregulation levels will prompt the govt. to fix the gas price framework that it instituted soon after it took office in 2014. ONGC &amp; OINL, where $1 adds ~15% to EPS, would have the most to gain from such a miracle. Prices: APM prices rose after NDA government assumed office to $5.6\/mmbtu NCV from the $4.2 they were at between 2010 and 2014 when they [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-338922","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338922","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=338922"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338922\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}