Natural gas price up 10%; ONGC posts 6.5% rise in gas production

Natural gas price up 10%; ONGC posts 6.5% rise in gas production

Giving a boost to producers such as Oil and Natural Gas Corporation (ONGC) and Reliance Industries (RIL), the price of domestic natural gas in India has increased by 10 per cent to $3.69 per million metric British thermal units (mmBtu) for the April-September period, compared to $3.36 per mmBtu during October to March period.

Will natural gas play the game-changer in India’s energy future?

Will natural gas play the game-changer in India’s energy future?

In 2012-13, the share of natural gas in India’s energy mix was around 10.5 per cent. Surprisingly, despite the fact that the Narendra Modi-led government had set a goal of taking this share to 15 per cent by 2022, the contribution of natural gas in the country’s energy basket has declined to almost 6.5 per cent now.

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