News Brief Jun 01, 2014 GSPC ready to produce gas GSPC is ready to produce gas from a field in the Krishna Godavari basin. It has completed the $2 billion development of the Deen Dayal shallow-water gas field and is conducting pre-commissioning and testing activities. Gas production is likely to start in June. Last year, GSPC sought to sell gas at the rate at which India imports long-term LNG (liquefied natural gas) from Qatar. At $100 per barrel of oil, the LNG import price comes to about $13 per million British thermal units.