Natural Gas

The Effect of New Gas Pricing Guidelines in India

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Apart from the gas pricing, the Government in the recent few months, has also taken a number of measures such as approval of exploration in the mining lease area, clearance of all pending administrative issues and the management committee resolutions (around 200 such issues were pending and even approved management committee resolutions were not signed since last 1 to 5 years), clearance of 30 Blocks from Ministry of Defense, aggressive acquisition of oil and gas assets abroad, formulation of Shell Gas and CBM Policies, etc. These steps along with the right gas price would certainly result in increase in investment in the oil and gas E&P Sector and substantial boost to the domestic production.