No Result
View All Result
  • Login
Monday, May 16, 2022
Afternoon Voice
SUBSCRIBE
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
Afternoon Voice
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Epaper
  • More

Home > Uncategorized > Some gas exploration not viable even at new price: ONGC

Some gas exploration not viable even at new price: ONGC

afternoonvoice@gmail.com' by Afternoon Voice
March 5, 2014
in Uncategorized
A A
0

Even as the government’s decision to about double the price of gas produced in the country has brewed a political storm, ONGC has said gas produced at some of its field may not be viable even at the new price.

Newly-appointed chairman DK Sarraf said that the state-run company is poised to increase its revenue by Rs 16,000 crore and profits by Rs 9,000 crore, thanks to the gas price hike, but added that for some of its basins, exploration at some fields at even a price of USD 11 per unit would not be feasible.

Recently, the government agreed to implement the recommendations of a panel headed by former RBI governor C Rangarajan that asked for prices to based upon a formula that currently works out to about USD 8 per unit.

The new gas price formula comes into effect in April. The current price that the government pays to contractors for producing natural gas is USD 4.2 per unit.

The issue of gas production has acquired a political turn after the Aam Aadmi Party accused the government of giving in to corporate interests by doubling the price. Explorers such as Mukesh Ambani’s Reliance Industries Ltd, along with ONGC, operate in the resource-rich KG basin area off the Andhra Pradesh coast.

afternoonvoice@gmail.com'

Afternoon Voice

Recommended For You

p chidambaram, chidambaram, congress, Jawaharlal Nehru, Narendra Modi
Uncategorized

Attempt to distort history, Nehru intervened in Goa at right time: Chidambaram on PM’s criticism

February 11, 2022
ks sethumadhavan, director, south indian, filmmaker, sethumadhavan
Uncategorized

Legendary South Indian director K S Sethumadhavan passes away

February 9, 2022
japanese, japan pm, shinzo abe, shinzo
Uncategorized

Ex-Japan PM says a Chinese military “adventure” could be “suicidal”

February 9, 2022
tayyip erdogan, erdogan, Alevi, Alevi community, AK Party
Uncategorized

Tayyip Erdogan faces uphill bid to woo Turkey’s large Alevi minority

February 9, 2022
aghanistan, afghan, violence, violence against women, taliban
Uncategorized

UN raises issue of violence against women, girls in Afghanistan

February 9, 2022
australia, covid-19, covid restrictions, australia travel
Uncategorized

Australia announces easing of travel restrictions from December 1

February 9, 2022
ADVERTISEMENT

LATEST NEWS

Each member of a cooperative housing society demands dignity

Each member of a cooperative housing society demands dignity

May 16, 2022
sanjay pandey, housing society, society, housing, pandey

Mumbai CP announces dedicated police stations for housing society complaints

May 16, 2022
chardham yatra, heart attack, chardham

Chardham Yatra: ‘Heart attack, mountain sickness’ cause 39 deaths in 2 weeks

May 16, 2022
brahmin, dalit, maratha, maratha flag, ketaki chitale, maratha

Maharashtra politics got propagated as Brahmins Vs Maratha and Dalits

May 15, 2022
andrew symonds, car crash, australian cricketer, cricketer

Former Australia all-rounder Andrew Symonds dies in a car crash

May 15, 2022
ketaki chitale, chitale, pawar, sharad pawar, ncp, raj thackeray, devendra fadnavis, kalamboli, navi mumbai police, police, derogatory statement

Is Ketaki Chitale’s Brahmanical patriarchy getting her in trouble?

May 15, 2022
ADVERTISEMENT

EDITOR TWEETS

Tweets by @vaidehisachin
Afternoon Voice

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Important Links

  • Disclaimer
  • Privacy Policy
  • About Us
  • Contact Us
  • Support Parallel Media

Follow Us

No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?