India’s natural gas production is set to rise by over 42 per cent to 125 million standard cubic meter per day (mmscmd) over the next decade through 2027 owing to a market-linked pricing formula and the marketing freedom allowed by the government to companies, according to research and ratings agency ICRA.
“The pricing formula along with the marketing freedom could improve the viability of gas discoveries in challenging fields and could lead to higher domestic gas production over the longer term. ICRA expects domestic natural gas production to increase to around 110 mmscmd by 2020-21 and to 125 mmscmd by 2026-27 from the current level of around 88 mmscmd,” ICRA said in a statement. Read More…
Credit By: ET Energy World
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