Gas-based Economy

Recently, according to the Ministry of Petroleum and Natural Gas, India has achieved milestone of 101 Million Cubic Meters per day of gas production.

  • It is a significant step towards becoming a gas-based economy.

Government Steps towards Gas-based Economy

Revised Domestic Gas Pricing Guidelines

  • In April, 2023, the Centre approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC/OIL, New Exploration Licensing Policy (NELP) blocks and pre-NELP blocks.
  • The price of such natural gas shall be 10% of the monthly average of Indian Crude Basket and shall be notified on a monthly basis.

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