KRChoksey's research report on Oil&Gas sectorGas price premium proposal: Proposal is to allow premium over market price for part of the natural gas produced by firms like ONGC, Reliance Industries, Oil India and cairn India from difficult fields (deep-water, ultra-deep sea or high-temperature and high-pressure fields) Mechanism for price: Price of domestically produced natural gas is to be revised every six months using weighted average or rates prevalent in gas-surplus economies of US/Mexico, Canada and Russia Current price: $4.24/mmBtu on net calorific value (NCV) basis, and on gross calorific value (GCV) basis would be $3.82/mBtu New price for difficult fields: $5.0/mmBtu on net calorific value (NCV) basis (As per market expectation) For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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