Natural Gas Ceiling For Deepwater, HPHT Fields Raised To $9.89/MMBtu
India's government has increased the ceiling price for natural gas from difficult fields, including deepwater and high-pressure/high-temperature (HPHT) areas, to $9.89 per MMBtu through March 2027. The previous ceiling was $7.00/MMBtu. The ceiling price for APM gas produced by ONGC and Oil India remains at $7/MMBtu.
The revised cap will apply through March 2027, while APM gas for ONGC and Oil India remains subject to a separate USD 7/MMBtu ceilingThe government has raised the ceiling price for natural gas produced from difficult fields, including deepwater, ultra-deepwater and high-pressure, high-temperature…