{"id":409064,"date":"2021-04-05T10:09:51","date_gmt":"2021-04-05T04:39:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409064"},"modified":"2021-04-05T10:09:51","modified_gmt":"2021-04-05T04:39:51","slug":"gas-production-for-ril-bp-and-ongc-remains-a-loss-making-proposition-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gas-production-for-ril-bp-and-ongc-remains-a-loss-making-proposition-icra\/","title":{"rendered":"Gas production for RIL-BP and ONGC remains a loss making proposition: Icra"},"content":{"rendered":"<p>MUMBAI: The latest revision in domestic gas prices to $1.79 per million metric British thermal unit (mmBtu), for April-September, is the lowest and is unfavourable for domestic producers even as it will benefit consumers, rating agency Icra said in a note.<\/p>\n<p>The ceiling on price for gas produced from deep water, ultra deepwater, high-pressure and high temperature fields has also been lowered to $3.62 per mmBtu for the period, down 10.8% sequentially.<\/p>\n<p>\u201cGoing forward, the supply glut is expected to keep prices of domestic gas low in the near-to-medium term leading to poor returns even as domestic gas producers such as ONGC and RIL-BP ramp up gas production significantly,&#8221; said Sabyasachi Majumdar, senior vice-president &amp; group head, Corporate Sector Ratings, Icra.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: The latest revision in domestic gas prices to $1.79 per million metric British thermal unit (mmBtu), for April-September, is the lowest and is unfavourable for domestic producers even as it will benefit consumers, rating agency Icra said in a note. The ceiling on price for gas produced from deep water, ultra deepwater, high-pressure and high temperature fields has also been lowered to $3.62 per mmBtu for the period, down 10.8% sequentially. \u201cGoing forward, the supply glut is expected to keep prices of domestic gas low in the near-to-medium term leading to poor returns even as domestic gas producers such [&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-409064","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\/409064","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=409064"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409064\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}