{"id":377785,"date":"2020-10-12T12:05:11","date_gmt":"2020-10-12T06:35:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377785"},"modified":"2020-10-12T12:05:11","modified_gmt":"2020-10-12T06:35:11","slug":"ongc-pegs-gas-under-recovery-at-rs-7000-crore-in-fy21","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-pegs-gas-under-recovery-at-rs-7000-crore-in-fy21\/","title":{"rendered":"ONGC pegs gas under-recovery at Rs 7,000 crore in FY21"},"content":{"rendered":"<p>With the government reducing the price of domestic natural gas to $1.79 per million British thermal units (mmBtu), state-run gas producer ONGC expects to face a loss of around Rs 7,000 crore in FY21 from its gas businesses, senior company officials said on Friday.<\/p>\n<p>The average gas output cost of ONGC, which produces about 80% of the domestic natural gas, is $3.7\/mmBtu, implying that there is an under-recovery of $2\/mmBtu on gas production, Subhash Kumar ONGC\u2019s director, finance, said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the government reducing the price of domestic natural gas to $1.79 per million British thermal units (mmBtu), state-run gas producer ONGC expects to face a loss of around Rs 7,000 crore in FY21 from its gas businesses, senior company officials said on Friday. The average gas output cost of ONGC, which produces about 80% of the domestic natural gas, is $3.7\/mmBtu, implying that there is an under-recovery of $2\/mmBtu on gas production, Subhash Kumar ONGC\u2019s director, finance, said.<\/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":[130,195,138],"tags":[],"class_list":["post-377785","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\/377785","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=377785"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377785\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}