Search results
Results from the WOW.Com Content Network
The natural gas purchase price from the natural gas producers, like ONGC, Oil India Ltd. and private companies, is fixed by the government based on prices prevailing in the US, Russia, the UK and Canada. [63] LNG price is linked to the prevailing crude oil price in global markets. [64]
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
India's piped natural gas (PNG) for domestic cooking needs was 12,175 million standard cubic meters (mmscm) which is nearly 19% of total natural gas consumption in 2021–22. [176] Natural gas/ LNG import content is nearly 56% of total consumption in 2021-22. [ 176 ]
It accounts for around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. Headquartered in Delhi, ONGC is under the ownership of the Government of India and administration of Ministry of Petroleum and Natural Gas. It was founded on 14 August 1956 by the Government of India.
The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the Government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum products, and liquefied natural gas in the country.
The Petroleum and Natural Gas Regulatory Board in India is putting together a plan as of July 2023 to build strategic natural gas reserves in either abandoned gas wells and underground storage. They currently have no national natural gas reserves.
In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia.
Krishna Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres [1] in the Krishna River and Godavari River basins in Andhra Pradesh. The site is known for the D-6 block where Reliance Industries discovered the biggest natural gas reserves in India in 2003.