{"id":516696,"date":"2022-08-25T09:40:12","date_gmt":"2022-08-25T04:10:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516696"},"modified":"2022-08-25T10:53:03","modified_gmt":"2022-08-25T05:23:03","slug":"ongc-relaunches-tender-to-sell-gas-from-kg-fields-at-15-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-relaunches-tender-to-sell-gas-from-kg-fields-at-15-unit\/","title":{"rendered":"ONGC relaunches tender to sell gas from KG fields at $15\/unit"},"content":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of USD 15 per mmBtu as it looks to capitalise on a global surge in energy prices.<\/p>\n<p>The firm sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98\/2 (KG-D5) fields in the Bay of Bengal, according to the tender document.<\/p>\n<p>The firm asked users to quote a premium they are willing to pay over and above the reserve gas price of 14 per cent of Brent crude oil price plus USD 1 per million British thermal unit.<\/p>\n<p>The reserve price at the current ruling Brent oil price of USD 101 per barrel comes to more than USD 15 per mmBtu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) has relaunched a tender to sell gas from its KG fields at a higher price of USD 15 per mmBtu as it looks to capitalise on a global surge in energy prices. The firm sought bids for the sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98\/2 (KG-D5) fields in the Bay of Bengal, according to the tender document. The firm asked users to quote a premium they are willing to pay over and above the reserve gas price of 14 per cent of Brent crude [&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":[135,130,169],"tags":[],"class_list":["post-516696","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516696","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=516696"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516696\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}