India’s new gas pricing regime will offer greater downside protection for earnings of gas companies such as Oil and Natural Gas Corp (ONGC) and Oil India Ltd, reports the Energy World quoting S&P Ratings.
The new norms will not affect the pricing for gas produced from difficult fields that companies like Reliance Industries Ltd operate.
Fluid market price revisionsUnder the new guidelines announced on April 6, 2023, the government will set prices...
https://mfame.guru/new-pricing-norms-cut-earnings-downside-for-gas-producer/