{"id":376228,"date":"2020-10-01T10:09:34","date_gmt":"2020-10-01T04:39:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376228"},"modified":"2020-10-01T10:09:34","modified_gmt":"2020-10-01T04:39:34","slug":"india-cuts-gas-price-to-decade-low-adding-to-producer-misery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-cuts-gas-price-to-decade-low-adding-to-producer-misery\/","title":{"rendered":"India cuts gas price to decade low adding to producer misery"},"content":{"rendered":"<p>India has cut the price for most of its natural gas produced from domestic fields to a level last seen in 2010 and well below the production cost of Oil &amp; Natural Gas Corp. and Oil India Ltd.<\/p>\n<p>The price of gas produced from fields awarded to state explorers has been fixed at $1.79 per million British thermal units, according to the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell. It also cut the ceiling price for gas produced from difficult fields by almost 28% to $4.06\/mmBtu.<\/p>\n<p>The new prices, effective for six months from Oct. 1, will make the gas business unprofitable for producers and undermine investments that are key to future production at a time when Prime Minister Narendra Modi aims to increase the share of natural gas in India\u2019s energy mix to 15% by 2030 from about 6%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India has cut the price for most of its natural gas produced from domestic fields to a level last seen in 2010 and well below the production cost of Oil &amp; Natural Gas Corp. and Oil India Ltd. The price of gas produced from fields awarded to state explorers has been fixed at $1.79 per million British thermal units, according to the oil ministry\u2019s Petroleum Planning &amp; Analysis Cell. It also cut the ceiling price for gas produced from difficult fields by almost 28% to $4.06\/mmBtu. The new prices, effective for six months from Oct. 1, will make the gas [&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":[139,130,187],"tags":[],"class_list":["post-376228","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376228","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=376228"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376228\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}