OIL & GAS
India’s Petroleum and Natural Gas Ministry has forwarded a proposal for approval of the Union Cabinet that will more than double the price of natural gas produced by national oil, gas exploration and production (E&Ps) companies from fields categorised as “difficult”.
However, contrary to demands from national oil and gas majors seeking higher prices for all difficult fields in their portfolio, the new proposal would be limited to only new discoveries and operationalised by these companies, sources said.
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