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ARTICLE · 01 MARCH 2014

Government Notifies Domestic Natural Gas Pricing Guidelines, 2014

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The Government has issued the Notification regarding Domestic Natural Gas Pricing Guidelines, 2014 on 10.01.2014.

IndiaEnergy and Natural Resources

The Government has issued the Notification regarding Domestic Natural Gas Pricing Guidelines, 2014 on 10.01.2014. These Guidelines are hosted on website of the Ministry and will be published in the Gazette of India. Salient features of the Domestic Natural Gas Pricing Guidelines, 2014 are:

  • These guidelines will be applicable to all natural gas produced domestically, irrespective of the source, whether conventional, shale, CBM etc. These guidelines shall apply from 1st April 2014.
  • These guidelines shall not be applicable where prices have been fixed contractually for a certain period of time, till the end of such period. These guidelines shall also not be applicable where the production sharing contract provides a specific formula for natural gas price indexation / fixation. Further, the pricing of natural gas from small / isolated fields in the nomination blocks of NOCs will be governed by the extant policy in respect of these blocks issued on 8th July, 2013.

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