{"id":482100,"date":"2022-04-04T11:42:51","date_gmt":"2022-04-04T06:12:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=482100"},"modified":"2022-04-04T13:25:25","modified_gmt":"2022-04-04T07:55:25","slug":"gas-price-bonanza-for-ongc-ril","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gas-price-bonanza-for-ongc-ril\/","title":{"rendered":"Gas price bonanza for ONGC, RIL"},"content":{"rendered":"<p>State-owned Oil and Natural Gas Corporation is likely to see a $3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas , while Reliance Industries may get $1.5 billion (Rs 11,500 crore) more in revenue, a report has said.<\/p>\n<p>The government from April 1 increased the gas price paid to producers of oil and regulated fields from $2.9 per million British thermal unit to $6.10. For difficult fields, such as the deepsea fields of Reliance, the price has gone up 62 per cent to $9.92 per mBtu. <\/p>\n<p>\u201cA three-pronged deficit in oil markets (inventory, capex and spare capacity) combined with rising domestic gas production after nearly a decade of declines sets the stage for a super-cycle in profitability,\u201d Morgan Stanley said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Oil and Natural Gas Corporation is likely to see a $3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas , while Reliance Industries may get $1.5 billion (Rs 11,500 crore) more in revenue, a report has said. The government from April 1 increased the gas price paid to producers of oil and regulated fields from $2.9 per million British thermal unit to $6.10. For difficult fields, such as the deepsea fields of Reliance, the price has gone up 62 per cent to $9.92 per mBtu. \u201cA [&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":[130,215,148],"tags":[],"class_list":["post-482100","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482100","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=482100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=482100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=482100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=482100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}