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We believe the current gas price regime

ONGC Chairman and Managing Director Dinesh K Sarraf last week stated that developing finds in the firm's Krishna Godavari (KG) basin block KG-DWN-98/2 or KG-D5 was economically unviable at current price." This has resulted in Indian producers potentially losing USD 2 billion annually in value added assuming they can replace imports entirely, it added.42 in the first and second half of 2017-18 fiscal and would be around USD 3. The company has asked the government to raise the rates to make developing the explorations economically viable, he had said. Gas price in India, it said, is lower than USD 9 per mmBtu in China, USD 10.Gas price in India is lower than USD 9 per mmBtu in China. They may further rise to USD 3.

Goldman Sachs had in a recent report stated that "Indian domestic natural gas prices that are linked to prices in gas surplus economies remain materially below the غير مجاز مي باشدts to develop marginal and deep-water fields and hence do not incentivise exploration and production capex. On a net-calorific value (CV) basis, the gas price is likely to be USD 3.45 in the following fiscal. New Delhi: Natural gas prices in India are likely to decline 17 per cent Roman holiday classic scooter in April to USD 3.24 currently. Using benchmark prices for the period of January 1, 2015 to December 31, 2015, gas price for the period April 2016 to September 2016 is likely to be about USD 3.

As per the new gas pricing formula approved by the NDA-government in October 2014, gas prices are to be determined on a semi-annual basis and calculated based on a volume weighted average of rates in gas surplus nations of the US, Canada and Russia, based on the twelve-month trailing average price with a lag of three months.15 per million British thermal unit as against USD 3.5 in the Philippines, USD 6. Sources said going by current price trends, gas price may rise marginally to USD 3. "We believe the current gas price regime is not incentivising domestic capex sufficiently as we expect prices under the current formula to decline in 2016-17 whilet for new deep-water discoveries ranges between USD 6 to USD 7 per mmBtu," Goldman had said.36 per mmBtu and USD 3.32 (on gross calorific value or GCV basis) in second half of 2016-17 fiscal.50 per mmBtu as compared to USD 4.82 currently, sources said. Development of numerous existing discoveries in the blocks operated by state-owned Oil and Natural Gas Corp (ONGC) as well as Reliance Industries are dependent on remunerative price.15 per unit, further straining economics of developing discoveries in deep sea.5 in Indonesia and USD 8 per mmBtu in Thailand and Malaysia.


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There are two ways to dispose

7 million tonnes of trash lying at the Deonar dumping ground.According to the civic officials, there is 12. To collect methane, which is considered highly combustible and dangerous for human lives, the Wholesale Roman holiday classic scooter factory IIT has proposed that a well be dug up at the dump yard.“We will be drawing the plan to capture the methane gas from the dump yard as per the IIT proposal,” said Mr Mehta.The objectives of the project involve a topological survey of the dumping ground for estimating the volume of wasteIIT has also recommended slope stabilisation of waste, identifying areas in the dumping site with high potential of methane generation, estimating volume of methane gas, design of landfill gas collection and management system and supervision of gas collection system.

To tackle the problem of chronic fires at Deonar dumping ground, the Indian Institute of Technology (IIT) Bombay has proposed a plan to capture methane gas, which is generated at the dump yard from the piles of trash causing the fires.According to the IIT report, when concentration of methane in the air exceeds its lower explosive limits (LEL), then there is a risk of explosion. There are multiple environmental problems, which are caused due to release of landfill gas like nuisance odours, greenhouse gas emissions, health hazards, explosions and fire. Higher concentration of methane in the landfill gas poses a big risk of frequent fire and explosions.

The IIT experts submitted the technical proposal for methane gas capture at Deonar dumping ground to civic chief Ajoy Mehta, who has agreed to implement the project. In a study conducted in 2007, the average methane concentration of landfill gas released from the Deonar dumping ground varied between 35 to 58 per cent.Methane is a major contributor of landfill gas and has a global warming potential that’s 21 times as much carbon dioxide. But there are concerns about the security of the well. The IIT experts have proposed to capture and collect the methane gas emanating from it.

However, civic officials have expressed concerns about plans to collect the gas in a well by raising questions about its security. Methane has low LEL of five per cent, which leads to high risks of explosions in even small proportions of landfill gas.“There are two ways to dispose of the methane gas — either burn it or collect it in a well. The civic officials and IIT experts should solve this problem so that the project takes off at the earliest,” said Samajwadi Party corporator Rais Shaikh.


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