{"id":435670,"date":"2021-09-13T12:12:33","date_gmt":"2021-09-13T06:42:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435670"},"modified":"2021-09-13T13:27:34","modified_gmt":"2021-09-13T07:57:34","slug":"domestic-natural-gas-prices-seen-rising-to-3-15-mbtu-in-october","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/domestic-natural-gas-prices-seen-rising-to-3-15-mbtu-in-october\/","title":{"rendered":"Domestic natural gas prices seen rising to $3.15\/mBtu in October"},"content":{"rendered":"<p>On the back of rising global crude oil and natural gas rates, analysts expect the price of domestic gas to increase to $3.15\/million British thermal units (mBtu) for the October-March period.<\/p>\n<p>In September 2020, the Centre had slashed domestic gas price to an all-time low rate of $1.79\/ mBtu and had kept the rate unchanged for the April-October 2021 period. The price is much below the breakeven point of $3.2-3.5\/mbtu for most domestic gas fields, and has impacted the realisations of domestic producers like the state-run Oil and Natural Gas Corporation (ONGC) and Oil India. Domestic gas price is linked to the weighted average price of four global benchmarks (US, UK, Canada and Russia).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the back of rising global crude oil and natural gas rates, analysts expect the price of domestic gas to increase to $3.15\/million British thermal units (mBtu) for the October-March period. In September 2020, the Centre had slashed domestic gas price to an all-time low rate of $1.79\/ mBtu and had kept the rate unchanged for the April-October 2021 period. The price is much below the breakeven point of $3.2-3.5\/mbtu for most domestic gas fields, and has impacted the realisations of domestic producers like the state-run Oil and Natural Gas Corporation (ONGC) and Oil India. Domestic gas price is linked [&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":[130,195,138],"tags":[],"class_list":["post-435670","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\/435670","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=435670"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435670\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}