(a) whether the natural gas is being sold at different rates after the permission
was granted for fixing sale price of the gas by oil companies;
(b) if so, the details of the rates thereof;
(c) the names of the companies selling gas along with the company-wise rate
on which gas is being sold in the first week of July in the country; and
(d) the reasons behind the difference in sale prices of natural gas sold by oil companies?
MINISTER OF THE STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI JITIN PRASADA)
(a) & (d): At present, pricing regimes for natural gas in the country are as below-
(i) The price of natural gas produced by National Oil Companies (NOCs), viz, ONGC & OIL,
from their existing producing fields in nominated blocks is decided by the Government
under Administered Price Mechanism (APM).
(ii) The price of natural gas produced under New Exploration Licensing Policy (NELP) and
pre-NELP Joint Ventures (JVs) is governed in terms of the Production Sharing Contract (PSC)
signed between the Government of India and the respective Contractor.
(iii) The price of Liquefied Natural Gas (LNG) imported under term contracts is governed
by the Sale Purchase Agreement (SPA) between the LNG Seller and the Buyer, while the spot
cargoes are purchased on mutually agreeable commercial terms.
(b) & (c) The available details are annexed.