{"id":466945,"date":"2022-02-08T11:47:55","date_gmt":"2022-02-08T06:17:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466945"},"modified":"2022-02-08T11:47:55","modified_gmt":"2022-02-08T06:17:55","slug":"reliance-industries-ongc-to-auction-natural-gas-at-different-rates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-ongc-to-auction-natural-gas-at-different-rates\/","title":{"rendered":"Reliance Industries &amp; ONGC to auction natural gas at different rates"},"content":{"rendered":"<p>Reliance Industries and ONGC plan to separately auction small quantities of natural gas with sharply different floor rates. RIL\u2019s floor price is linked to crude oil and at the current rate of crude, would amount to $14 per mmBtu, while ONGC\u2019s domestic gas price-linked floor is set at $4.5.<\/p>\n<p>Reliance has sought bidders for 0.65 million metric standard cubic meters per day (MMSCMD) of natural gas from its coal bed methane field in Madhya Pradesh, while ONGC is auctioning 0.15 MMSCMD from a small field in Rajasthan. RIL\u2019s auction is planned for March 1 and that of ONGC is slated for March 7.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries and ONGC plan to separately auction small quantities of natural gas with sharply different floor rates. RIL\u2019s floor price is linked to crude oil and at the current rate of crude, would amount to $14 per mmBtu, while ONGC\u2019s domestic gas price-linked floor is set at $4.5. Reliance has sought bidders for 0.65 million metric standard cubic meters per day (MMSCMD) of natural gas from its coal bed methane field in Madhya Pradesh, while ONGC is auctioning 0.15 MMSCMD from a small field in Rajasthan. RIL\u2019s auction is planned for March 1 and that of ONGC is slated [&hellip;]<\/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":[130,191,136],"tags":[],"class_list":["post-466945","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466945","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=466945"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466945\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}