Natural gas prices may be cut to decade low of $1.9, dent ONGC revenues

ONGC has seen incurring losses on the 65 million standard cubic meters per day of gas it produces from domestic fields shortly after the government in November 2014 introduced a new gas pricing formula that had "inherent limitations" as it was based on pricing hubs of gas surplus countries such as the US, Canada, and Russia.

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