INTIEAIndia · Revised Domestic Gas PricingPolicyIn force

Revised Domestic Gas Pricing

The natural gas price in India as per the 2014 guidelines is fixed every six months based on the weighted average price of four global benchmarks (Henry Hub, Alberta gas, NBP, and Russian gas). In April 2023, the Indian government approved revisions of the guidelines under the…

Dernière modification il y a 3 ans.

Vue extraite pour la lecture · Original pour les preuves de conformité

Cycle de vie

En vigueur01 janv. 2023
Dernière modification09 mai 2023

Country / jurisdiction: India · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The natural gas price in India as per the 2014 guidelines is fixed every six months based on the weighted average price of four global benchmarks (Henry Hub, Alberta gas, NBP, and Russian gas). In April 2023, the Indian government approved revisions of the guidelines under the administered price mechanism (APM), which mainly applies to gas produced by legacy fields and national oil companies (ONGC, OIL).

Key revisions of the guidelines include:

The price of gas under the APM is benchmarked on a monthly basis to the price of imported crude (Indian Crude Basket) instead of the four global benchmarks

The gas produced by ONGC and OIL from their nomination blocks will be subject to floor and ceiling prices (a floor price of $4/mBtu and a ceiling of $6.5/mBtu)

For gas produced from new wells or well interventions, ONGC and OIL would be allowed a premium of 20 per cent over the APM price

Official source: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1914450

Source

https://www.iea.org/policies/17412

Document officiel chez le régulateur. Citez toujours cette URL — et non la page de détail Vantage — dans les preuves de conformité.

Connexes dans International

INTEnergy Newsoilprice:oilprice-article-44722ActualitésIn force

How Many Barrels of Oil Do AI Data Centers Consume on a Daily Basis?

Analysis of energy consumption in cryptocurrency mining and AI data centers, estimating Bitcoin mining requires 138-175 terawatt-hours annually, equivalent to 500-600 barrels of oil per coin minted. Article examines growing power demands of blockchain and artificial intelligence infrastructure relative to fossil fuel equivalents.

il y a 22 heures

INTEnergy Newsrigzone:https://www.rigzone.com/news/wire/oil_drops_as_iran_talks_advance-22-jun-2026-183968-article/?rss=trueActualitésIn force

Oil Drops as Iran Talks Advance

Crude oil prices declined following US approval of limited Iranian oil sales, with shipping through the Strait of Hormuz showing signs of recovery.

INTEnergy Newsoilprice:oilprice-news-44726ActualitésIn force

Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas

Greece is attracting over $26 billion in international investment to position itself as a critical energy transit hub for Central, Eastern, and Southeastern Europe. This investment surge supports the EU's goal to completely phase out Russian gas imports by 2027, with major funds including BlackRock and QIA backing Greece's energy infrastructure development.

INTEnergy Newsoilprice:oilprice-article-44719ActualitésIn force

The Oil Crisis Is Far From Over

A U.S.-Iran Memorandum of Understanding regarding conflict settlement is unlikely to prevent an imminent energy crisis caused by rapidly depleting global oil and petroleum product inventories. The suspension of tanker traffic through the Strait of Hormuz during the conflict, which normally carries about 20% of global oil supplies, has depleted strategic reserves that previously acted as market buffers.

INTEnergy Newsoilprice:oilprice-news-44725ActualitésIn force

Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies

Saudi Arabia is purchasing significant volumes of Russian fuel oil and vacuum gasoil due to supply disruptions from the Hormuz crisis affecting domestic oil and gas wells. Russian fuel oil exports declined 6% in May to 3.2 million metric tons due to Ukrainian strikes on energy infrastructure, but Saudi demand remains strong amid rising temperatures and domestic power generation needs.