April 3 (LNGJ) - The Indian Ministry of Petroleum and Natural Gas has fixed its latest ceiling price for domestic natural gas output from April to September 2017. It said that for gas produced from discoveries in deep water, ultra-deep water and high-pressure areas, the price is US$5.56 per million British thermal units on a gross calorific value (GCV) basis. Indian domestic production only meets about half of current demand and India imports LNG cargoes to help meet energy needs. The nation received just short of 19 million tonnes of LNG in 2016.
India gas price fixed
Written by John McKay
Monday, 03 April 2017
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Last modified on Monday, 03 April 2017 09:25
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