Gas producers continue to bleed as govt-dictated prices remain low, says Icra

The ceiling on price for gas produced from deep water, ultra deepwater, high temperature and high-pressure fields has also been announced at USD 3.62 per mmBtu for April-September 2021-22 which is 10.8 per cent lower than the price ceiling of USD 4.06 for October-March 2020-21 which would dampen the development of such projects.

from Energy-Industry-Economic Times https://ift.tt/3cLWplZ