Insight
India approves landmark gas price reform
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Report summary
India's upstream industry has received a massive boost as the government approved a new policy that will effectively double domestic gas prices. On 27 June, the Cabinet approved a new formula that is directly linked to benchmark global LNG and gas hub prices, which offers an average price of US$8.3/mcf in 2014. Current upstream prices are based on numerous different formulas, with contract prices ranging from US$2.50 to US$5.75/mcf. The Cabinet has signed-off a policy that was proposed by...
Table of contents
- Executive summary
- The Rangarajan formula
- The need for change
- New pricing impact
- A big step forward
Tables and charts
This report includes 4 images and tables including:
- India's conventional gas production forecast, from current commercial developments
- Incremental reserves developed (tcf)
- Increased government take and operator NPV10
- Upstream investment forecast
What's included
This report contains:
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