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Govt grants pricing, marketing leeway to gas producers, allows e-bidding

Move will help in bringing at least 40 mmscmd of natural gas from Krishna Godawari basin alone

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The government on Wednesday came out with a new model of granting marketing and pricing freedom for natural gas producers in India, with the Union Cabinet clearing a standardised e-bidding process for price discovery from new production areas and high-pressure and high-temperature areas.

Through the new platform, market players and consumers will discover the prices for new production areas that obtained clearance under the government's field development plan after February 2019. "Gas produced from high-pressure and high-temperature areas, coal-bed methane blocks, North East ...

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First Published: Wed, October 07 2020. 19:12 IST