(EnergyAsia, May 25 2010, Tuesday)—The Indian government is planning to raise the price for locally produced natural gas to help pay for costly imported liquefied natural gas (LNG). Gas produced by state-owned ONGC now sells for US$1.82 per million British thermal units (mmBtu) while imported LNG costs US$5.7 per mmBtu. The government has tasked state-owned…
INDIA: Government plans to raise domestic gas prices to help pay for imported LNG
Posted on May 24, 2010 by EnergyAsia