News Release Details
Center has no role in gas price
New Delhi 03-Jul-2007
Petroleum secretary M.S. Srinivasan on Monday informed the Cabinet Secretary that the government has no role in fixing natural gas prices of gas produced from areas auctioned under the new NELP. He reportedly said that the government could only approve the pricing formula. He also assured the Cabinet Secretary that the country would be producing more gas that was expected. The committee of secretaries, which began consultations on Friday and continued their discussions .on Monday decided to solicit the views of the fertilizer and power ministries on the cas pricing issue on July 5. The PMO had on May 23 conveyed to the petroleum ministry that the fertilizer sector should gel priority in natural gas allocation and the power sector should be encouraged to use more coal as fuel. The petroleum ministry also informed the cabinet secretary that domestic gas production would increase from 80.45 mmscmd to 119.98 mmscmd in 2008-09. The ministry said that it had no role to play in the pricing of gas.
New Delhi 03-Jul-2007
Petroleum secretary M.S. Srinivasan on Monday informed the Cabinet Secretary that the government has no role in fixing natural gas prices of gas produced from areas auctioned under the new NELP. He reportedly said that the government could only approve the pricing formula. He also assured the Cabinet Secretary that the country would be producing more gas that was expected. The committee of secretaries, which began consultations on Friday and continued their discussions .on Monday decided to solicit the views of the fertilizer and power ministries on the cas pricing issue on July 5. The PMO had on May 23 conveyed to the petroleum ministry that the fertilizer sector should gel priority in natural gas allocation and the power sector should be encouraged to use more coal as fuel. The petroleum ministry also informed the cabinet secretary that domestic gas production would increase from 80.45 mmscmd to 119.98 mmscmd in 2008-09. The ministry said that it had no role to play in the pricing of gas.