The Indian government will implement gas price reforms from 1 April to lure investment into the country’s gas sector and boost domestic production, which has declined sharply in recent years.
Private upstream companies in India have criticised the government for the low prices offered to domestic producers, which they say has discouraged investment. For instance, one of the reasons cited for the fall in production from the KG-D6 block, located in the Krishna-Godavari Basin, is the $4.2/MMBtu price offered to producers such as Reliance Industries.
The government...
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