News Brief | September 2016
ONGC goes for market price for gas from two fields
Making use of an opportunity thrown up by an exemption from the notified gas price, the government-controlled Oil and Natural Gas Corporation is tendering out natural gas from its two fields. The price for this gas would be market-linked. The natural gas would go to customers bidding the highest premium over the reserve price. Tender for gas flowing out of ONGC´s Cauvery find has been floated. A separate tender for stranded gas in Assam would be issued soon, Ved Prakash Mahawar, director (onshore), ONGC said.