Natural Gas Pricing in India
Author: Diptiranjan Mahapatra
Publisher:
Published: 2014
Total Pages:
ISBN-13:
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Author: Diptiranjan Mahapatra
Publisher:
Published: 2014
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Sanjay Kumar Kar
Publisher: Springer
Published: 2017-03-21
Total Pages: 392
ISBN-13: 9811031185
DOWNLOAD EBOOKThis book shares the latest market developments and advances in natural gas demand, supply, transmission, distribution, and consumption, with a special emphasis on the Indian context. Chapters are written by researchers and industry professionals working in the field of natural gas and energy to provide deeper insights into natural gas market structure, market development, business opportunities and market growth. Topics covered include, natural gas demand-supply, exploration and production policy, downstream regulatory developments, city gas distribution, pipeline, pricing, and taxation policies impacting natural gas market developments in India. The book will be useful to researchers, professionals, and policy makers working in the area of natural gas and related fields.
Author: Ravindra Dholakia
Publisher:
Published: 2014
Total Pages:
ISBN-13: 9781473991118
DOWNLOAD EBOOKPricing of natural gas in India suffers from asymmetry because of the presence of limited suppliers having byzantine contracts. The oligopolistic market combined with price regulation results in welfare losses, and market failure. We argue that for the sake of long-term development of natural gas sector in fast developing economies like India, the long-run marginal cost (LRMC) seems to be the most suitable pricing policy. In the case analysis, we present a theoretical framework of calculating LRMC while acknowledging that the conditions necessary for a first-best world rarely exist. We conclude that it is very much possible to gradually move from the existing ad-hoc pricing mechanism to a more robust LRMC regime that takes into account not just the production cost but also a scarcity premium as well as any externalities resulting from the natural-gas fuel cycle. The outcome based on our model compares very well with the one from the Rangarajan Committees formula that got the governments nod recently for fixing of price of indigenously produced natural gas, to be effective from 01st April 2014.
Author: B. S. Negi
Publisher:
Published: 2012
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKIn India the natural gas market which has a very slow growth initially during the period of eighties, has now witnessing an asymptotic growth soon after import of LNG in 2004 and KG D-6 gas flow in 2009. India's hydrocarbon vision statement envisages the share of natural gas to be about 25% by 2025. Traditionally the power and the fertilizer sectors require the maximum amount of gas. In the future also the trend is expected to be same. According to a 'Study on Common Pool Price Mechanism for Natural Gas in the country' prepared by Mercados Energy Markets India Private Limited in January, 2010, it was estimated that demand would originate by about 70-75% from power and fertilizer sectors alone. The power and fertilizer sectors are sensitive to price volatility. Power tariffs are regulated and the fertilizer price is also controlled by the Government. The return on investment is assured by providing subsidies. In both these cases, as a social commitment, the Government considers itself as a major customer and the subsidy is provided through PSUs and the Government treasury. Generally, the prices of LNG in the Asia Pacific basin are linked to crude oil. This leads to volatility in the prices and higher price levels as compared to existing natural gas supply basket. It thus becomes important to consider alternative arrangements that permit new supplies without compromising the interest of the consumers. One way of assuring this is by pooling arrangements, but it has its own repercussions.. Presently, different prices of natural gas prevail in the country. Before the KG D-6 gas production commenced, almost 40% of the total gas being supplied was based on APM. Even in this, there are different prices which prevailed for the priority sectors, i.e. power and fertilizer, North Eastern region and the non-priority sectors. Another complexity is that seven more types of prices are prevalent for gas coming out of Production Sharing Contracts, be it from PMT, RAVVA, KG basin or other fields. Third category is LNG, which is available broadly at the prices based on buyer-seller contracts. With limited pipeline Infrastructure, different production costs for conventional and unconventional gas, the gas market still has regional characteristics and a single price throughout the country would be a dream. In addition the transportation tariff and the tax structure have direct bearing on the cost of natural gas to the customer. This paper reviews the systems and practice adopted in India for Gas pricing and compares them with international practices regarding price pooling, tariff setting and tax structure and tries to analyze the extent to which these can be applied for India. Given the circumstances, a truly market determined price of natural gas would be in the larger interest of the consumers. It would also help to develop the natural gas market in the country.
Author: United States. Congressional Budget Office
Publisher:
Published: 1977
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
Publisher:
Published: 1983
Total Pages: 176
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. General Accounting Office
Publisher:
Published: 1983
Total Pages: 116
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. General Accounting Office
Publisher:
Published: 1983
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. General Accounting Office
Publisher:
Published: 1983
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKAuthor: Anil Kumar Jain
Publisher: CRC Press
Published: 2022-09-02
Total Pages: 214
ISBN-13: 1000656209
DOWNLOAD EBOOKThis book provides a detailed discussion on India’s energy mix including descriptive use of the Shannon Wiener diversity index for numerically comparing India’s diversity in energy supply with other leading energy-consuming countries. The likely supply scenarios of both domestic and imported gas, and price competitiveness with competing fuels in differing consuming sectors, have also been presented. Overall, it covers energy systems, a comparison of the Indian natural gas economy with other countries and a scenario-based analysis of gas demand in India in 2030. Features: Presents a well-structured and robust thesis on the challenges and opportunities for natural gas in India’s energy future. Draws upon key insights, lessons and ways forward from the gas sector reform process. Addresses the energy transition scenario towards net zero. Includes comparative analysis of India’s diversity of commercial primary energy supply. Uses granular data and visual representations of the same to convey the key arguments. This book is aimed at oil and gas industry stakeholders including professionals, business executives, techno-managerial personnel and students in chemical engineering.