{"id":456216,"date":"2021-12-15T12:20:00","date_gmt":"2021-12-15T06:50:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=456216"},"modified":"2021-12-15T12:20:00","modified_gmt":"2021-12-15T06:50:00","slug":"good-yield-domestic-natural-gas-output-rises-24-3-increase-in-production-in-october-amid-surging-lng-cost","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/good-yield-domestic-natural-gas-output-rises-24-3-increase-in-production-in-october-amid-surging-lng-cost\/","title":{"rendered":"Good yield: Domestic natural gas output rises; 24.3% increase in production in October amid surging LNG cost"},"content":{"rendered":"<p>Domestic natural gas production increased by 24.3% on year to 3,007 million standard cubic metre (mscm) in October, mainly due to higher production from Reliance Industries (RIL) and from BP\u2019s ultra-deep-water field in the KG-D6 Block of the Krishna Godavari basin on the east coast.<\/p>\n<p>The output had fallen 8.1% Y-o-Y to 28,670.6 mscm in FY21, but had subsequently increased 21% Y-o-Y to 16,890.9 mscm in the April-September period of the ongoing fiscal. Production also commenced on August 31 from state-run Oil and Natural Gas Corporation\u2019s (ONGC\u2019s) U1B deep-water gas well located in KG-DWN 98\/2 block, which has an estimated peak production of 1.2 million standard cubic meter per day (mscmd).<\/p>\n<p>The rise in domestic production coincided with a substantial jump in international liquefied natural gas (LNG) prices, resulting in import dependency of natural gas reducing from 54% in April-September, 2020 to 49% in the corresponding period this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domestic natural gas production increased by 24.3% on year to 3,007 million standard cubic metre (mscm) in October, mainly due to higher production from Reliance Industries (RIL) and from BP\u2019s ultra-deep-water field in the KG-D6 Block of the Krishna Godavari basin on the east coast. The output had fallen 8.1% Y-o-Y to 28,670.6 mscm in FY21, but had subsequently increased 21% Y-o-Y to 16,890.9 mscm in the April-September period of the ongoing fiscal. Production also commenced on August 31 from state-run Oil and Natural Gas Corporation\u2019s (ONGC\u2019s) U1B deep-water gas well located in KG-DWN 98\/2 block, which has an estimated [&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":[130,195,138],"tags":[],"class_list":["post-456216","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\/456216","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=456216"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/456216\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=456216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=456216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=456216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}