Tuesday, 10 October 2017

India needs “pricing freedom” to incentivise more gas exploration

ONGC's Mumbai High field ONGC's Mumbai High field

The Indian government in Delhi needs to give hydrocarbon developers more freedom on gas pricing in order to incentivise production in less explored basins, Wood Mackenzie’s Asia office recommends. The removal of multiple pricing regimes that are currently in place across India will also help drive greater use of gas in the industrial and power sector.

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