{"id":367965,"date":"2020-08-17T09:07:54","date_gmt":"2020-08-17T03:37:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367965"},"modified":"2020-08-17T10:05:22","modified_gmt":"2020-08-17T04:35:22","slug":"natural-gas-prices-may-be-cut-to-decade-low-of-1-9-dent-ongc-revenues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/natural-gas-prices-may-be-cut-to-decade-low-of-1-9-dent-ongc-revenues\/","title":{"rendered":"Natural gas prices may be cut to decade low of $1.9; dent ONGC revenues"},"content":{"rendered":"<p>Prices of natural gas in India are likely to be cut to $1.9-1.94 &#8211; the lowest in more than a decade &#8211; from October, denting revenues of producers such as ONGC who are already incurring huge losses on gas production. <\/p>\n<p>A gas price revision is due from October 1 and going by the changes in the benchmark rate in gas exporting nations, the price is likely to be anywhere between $1.90 to $1.94 per million British thermal unit (mmBtu), sources privy to the development said. <\/p>\n<p>This will be the third straight reduction in rates in one year. Prices were cut by a steep 26 per cent to $2.39 per mmBtu in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices of natural gas in India are likely to be cut to $1.9-1.94 &#8211; the lowest in more than a decade &#8211; from October, denting revenues of producers such as ONGC who are already incurring huge losses on gas production. A gas price revision is due from October 1 and going by the changes in the benchmark rate in gas exporting nations, the price is likely to be anywhere between $1.90 to $1.94 per million British thermal unit (mmBtu), sources privy to the development said. This will be the third straight reduction in rates in one year. Prices were cut [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-367965","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367965","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367965"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367965\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}