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The price of natural gas produced from difficult areas like deepsea KG-D6 block of Reliance Industries on Sunday was cut by a steep 18 per cent, in line with softening of benchmark international gas prices, an official notification said. However, the price of gas that is largely used for making CNG for fueling automobiles or piping to households kitchens for cooking purposes will remain unchanged due to a price cap that is set at 30 per cent less than market rates such as that paid to Reliance.

Mahanagar Gas Ltd (MGL) plans a capital expenditure of ₹800 crore this fiscal year, focusing on infrastructure for compressed natural gas (CNG) and piped natural gas (PNG), the firm’s Managing Director Ashu Shinghal told ET Energyworld in an interview.

The petroleum and natural gas ministry has told the sector regulator that the latter’s proposed regulation on declaring a city gas distribution (CGD) network as a common carrier may lead to litigation as it fails to address the issues raised in previous court cases on the matter.

India’s downstream Oil & Gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), is planning a thorough performance review of the country’s City Gas Distribution (CGD) networks, natural gas pipelines, and petroleum product pipelines.

The price of natural gas produced from difficult areas like KG-D6 of Reliance Industries is expected to be reduced by around 14% from next month. The price cut is in line with the softening energy prices. The government bi-annually fixes the prices of locally produced natural gas. Two different formulas govern rates paid for gas produced from legacy or old fields and for newer fields lying in difficult-to-tap areas.

The Indian gas utilities sector is returning to normalcy after facing volatility in prices and availability of LNG. Softening LNG prices increased domestic gas supplies, and regulatory support from the government are driving gas offtake in the domestic market. The domestic production is expected to grow, reducing reliance on LNG.

THINK Gas launches 100th CNG station and first LNG terminal in Madhya Pradesh. Currently, the company operates 41 CNG stations across Bhopal, Rajgarh, and Shivpuri.

GAIL expects its natural gas transmission volumes to expand 12% and polymer sales to double this financial year, its chairman Sandeep Kumar Gupta has said at the AGM. GAIL also expects the new levelized tariff determined by the regulator for its integrated pipelines to help boost its transmission revenues.

Indian Oil has set a net zero operational emissions target by 2046 and increasing the use of less-emitting gas is a key element of that plan. “Our natural gas consumption strategy is part of the national goal to increase the share of gas in primary energy consumption to 15% by 2030 from the current 6%,” Sukla Mistry, Director (Refineries), told ET.