{"id":539671,"date":"2022-12-01T09:37:04","date_gmt":"2022-12-01T04:07:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539671"},"modified":"2022-12-01T10:19:10","modified_gmt":"2022-12-01T04:49:10","slug":"igl-mgl-gain-up-to-4-post-kirit-parikh-panel-gas-pricing-recommendations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/igl-mgl-gain-up-to-4-post-kirit-parikh-panel-gas-pricing-recommendations\/","title":{"rendered":"IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations"},"content":{"rendered":"<p>Shares of oil &amp; gas companies, including those of city gas distribution (CGD) companies, were in focus on Wednesday and moved higher by up to 4 per cent on the BSE intra-day trade on reports that the Kirit Parikh Committee recommended a floor and ceiling price for natural gas produced from legacy fields for a period of five years. <\/p>\n<p>ONGC will be paid a floor price of US$ 4\/mmbtu and ceiling price of US$ 6.5\/mmbtu. The ceiling price will have an annual escalation clause. The escalation being suggested is US$ 0.5\/mmbtu annually with no change in pricing for the first 2 years or a US$ 0.25\/mmbtu annual escalation for five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil &amp; gas companies, including those of city gas distribution (CGD) companies, were in focus on Wednesday and moved higher by up to 4 per cent on the BSE intra-day trade on reports that the Kirit Parikh Committee recommended a floor and ceiling price for natural gas produced from legacy fields for a period of five years. ONGC will be paid a floor price of US$ 4\/mmbtu and ceiling price of US$ 6.5\/mmbtu. The ceiling price will have an annual escalation clause. The escalation being suggested is US$ 0.5\/mmbtu annually with no change in pricing for the first [&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-539671","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\/539671","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=539671"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539671\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}