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Centre defers decision on natural gas prices by three months

Jun 25, 2014

Centre defers decision on natural gas prices by three months

The first revision in rates in four years was originally to take effect from 1 April but with general elections being declared it was postponed by three months. #Reliance Industries #Narendra Modi #KG-D6 #PolicyWatch #CNG #CCEA #Gas Pricing #Rangarajan Committee #Dharmendra Pradhan
Why investors are bullish on RIL despite subdued Q3 showing

Jan 18, 2014

Why investors are bullish on RIL despite subdued Q3 showing

The reason for this is the likely increase in the gas prices from 1 April. The government has notified the guidelines for domestic natural gas pricing. This creates an enabling environment for investments in the hydrocarbon sector. #S&P #Reliance Industries #Mukesh Ambani #ConnectTheDots #Natural gas #RIL #KG basin #Rangarajan Committee #shale
Tax holiday proposed for oil block auction to woo global cos

Jan 14, 2014

Tax holiday proposed for oil block auction to woo global cos

The ministry recommended shifting to a revenue-sharing model from the current production sharing contract (PSC) framework, which allows explorers to recover their costs from commercial discoveries before sharing profit with the government. #CAG #NewsTracker #Veerappa Moily #Comptroller and Auditor General #Ministry of Petroleum and Natural Gas #CCEA #PSC #Rangarajan Committee #Finance Bill 2011 #ULP
RIL welcomes gas price notification as step in right direction

Jan 11, 2014

RIL welcomes gas price notification as step in right direction

RIL will get the benefit of the new price for gas from its existing fields like MA in the KG-DWN-98/3 or KG-D6 block and new/upcoming ones like R-Series and satellite in the KG Basin block and the ones in North East Coast block NEC-25. #Reliance Industries #Mukesh Ambani #NewsTracker #LNG #RIL #Ministry of Petroleum and Natural Gas #KG basin #NELP #KG-D6 block #Rangarajan Committee
Parliamentary panel seeks review of Rangarajan gas price formula

Dec 18, 2013

Parliamentary panel seeks review of Rangarajan gas price formula

The Rangarjan pricing formula will be effective 1 April 2014, for a period of five years, with the price being revised quarterly. #Economy #LNG #PolicyWatch #Standing Committee on Petroleum and Natural Gas #Rangarajan Committee #Japanese Crude Cocktail
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