Ad Here  
May
June
July
August
September
October
 
 
Fortune for Indian Airlines Demise of a media baron... Cutting the nose to spite the face Silver Years of Madras Musings Paytm karo... London, London Narayan Telangana in top gear… Contrarian cousins A proud Madrasi Remembering Indira Sivasailam... Colour-Chem’s colourful KRVS L&T: focus on infrastructure and more infrastructure… Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Things happen by accident and not by design... Insurance companies bleeding, yet no decision on increasing FDI limit! Which side are you, Montek? Welcome changes that testify to Jayalalithaa’s return to health Shale gas and its shallow future A Grand Finale for SN’s MS centenary at the US… Maximising the micro pricing … Boy, can you beat these? CIPET hqrs to stay at Guindy – for the present? Tribute – UCAL Selvan… Tihar, Puzhal not different from Parappana Agrahara MHC should not return to its old indisciplined ways TIAM turns a full cycle Revving up the manufacturing sector CII projects higher growth… Readers' Mail Cement prices continue to rise… Breaththrough in malaria control Increasing non co-operation of state leaders More heat than light A yen for wastage… Solar, solar everywhere … Airlines in India: cost and space IPL - no surprise this scam A more liberated TN… Delhi is distant… Fuel for thought Don’t seem to feel the pulse… The Gulf aviation boom More Shakti to resource mobilisation... A professional at the helm of IRDA... Whistle-Stop Tour of Raghuram Rajan The Swadeshi Trump Lalu’s envy, India’s pride TN – agglomerate land holdings without alienating ownership SoA @ 80 Gay abandon in pricing Rahman at CIC IAS invades NDDB... Valli, they are more marginalised Solar thermal shines… Delhi Chalo... Alexa – Talking Wikipedia There was flood of milk. Reason: no milk commissioner! He continues the focus on social amelioration More tributes to GR No Maha Koottani in TN... The ‘Ayyo-yes’ is no more ONGC at KG Basin Fall in crude prices help in oil sector reform Welcome thrust on trade in Modi’s foreign visits... Focus on quality of power - its only around 170-180V Odisha: spectacular win by Naveen Patnaik Wanted: a second airport for Chennai The why of tax incentives Russi Mody – a tribute Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Engineering seats go abegging A think tank for Chennai Computation of GDP – conundrums continue The Jan Dhan bonanza Scientists urged to take up farmer-oriented research Parliament in paralysis... He saved millions from starvation... No engine for this car Mersal magnified Like Hinduism: many paths to reach God... Poor representation for Kerala and TN in Cabinet A Grand Finale for SN’s MS centenary at the US… Recognition to role of NBFCs.... The brown list of Venkitaramanan Preserving for the future Kudos to NDTV... Of course, Gujarat is vibrant Building loyalty through the stomach Robber barons everywhere Diamond jubilee of Egmore Samskrt School S Ramanathan – a versatile musician, musicologist Funding the un-funded Medical costs hit the roof... Muffled voices for merit… The rise and fall of Annamalai University Modi and the lady When online building permits work…. An inexplicable neglect Five star activism stalls development activity Waning interest in public discussions… When small is no larger beautiful.. Multi-faceted Venkat Online not in line with brick and mortar businesses... Tribute – M V Murugappan PC’s preference for professionals Bihar – Nitish Kumar adopts the Lalu model When TN politicians can emulate Kerala's Modi storms Silicon Valley Noble nonagenarians... Welcome GST This scant respect for Law Come elections, come advertisements... TELANGANA at last…BUT Permanent secretariat for TN GIM EEC at the National Media Centre Vibrant Gujarat Infrastructure funding – lessons learnt A friendly business group The star of Spencers is no more Strengthen the base... Air Asia India will set new benchmarks for budget travel B H Kothari - a tribute Marketing expert Balagopal is no more Intellectual of rare qualities Adharma of opposition politics Banning booze... Revive development banks... Liberal imports idling indigenous capacities Where a state respects its litterateurs… CRS, a jewel among managers, is no more. A rich pool of talent not utilised…. TN-leverage strength of BHEL, NLC... Godspeed, Chief Minister JJ GM Technology at last! Delhi is distant The few handicaps... Excel Generators provide the vital back-up Padma Bhushan for A Ramakrishna When the President was rendered homeless… The rise and rise of KCP Road development slows down Secularism and anti-Hinduism The nuclear option Tatas moving out of urea production... …and of a popular trade leader Align crops to agro climate endowments… EVM is tamper-proof Inflation: are we emulating Argentina and Brazil? Cleaning Ganga – relocate tanneries and install electric crematoria The power-full Hindujas Haul over the coal Kinetic Karnataka CSR and CMI: promise of another Srinivasan Ramanujan... Build close rapport with business leaders Editor's Notes Auto components surge… Quality silica from Neyveli Naidu will soon build a new Hyderabad Eternal support for capitalisation of PS banks Adapt Vajpayee dinner diplomacy Reliance’s TV – 18 ready to launch Tamil News Channel Measuring roof tops in terms of KW/MW WTO Meet: resolved to meet again Shanti and Sadhana through Music Streamlining mandatory third party cover Why this malaise in medical education? Roaring Ro-Ro facility Not just in-laws (and outlaws); they’ve renowned academics at the helm! F C Kohli - his concerns all embracing Pharma – overdose of copying The Ports’ Pasha expands into Tamil Nadu Music happens Why land prices zoom in TN? When nations steal growth from one another… Making ‘my Amaravati’... Tough task taking states together For whom the bell tolls? New IT products of Ramco in the pipeline… Make standards certification mandatory... When Ratan Tata visited SRM A C Muthiah – his munificent bequeaths to science Land reclamation from sea appears cheaper! For whom the MIDS bell tolls? Sri Lanka votes for change Gas is the way forward How Air-India loses customs... Bihar elections - the Rajaji formula worked More Shakthi to Das’ elbow to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Tatas moving out of urea production... Wise Presidents Lesson from Chandrababu Naidu Tax agriculture Towards speedy justice Naidu’s return augurs well for Seemandhra L&T- the specialty of special purpose vehicles Moily’s bold thrust Mu Sigma – is no more Welcome focus on core competence China invests in India Dr C Rangarajan returns to Chennai Discoms deserve better… Kulandai was a giant Rs.1600 crore paper board plant of TNPL Limit foreign borrowings to hi-tech, export potential projects... Sweet news for TN sugar mills Small units prefers to remain small... Put expensive assets created to use... All eyes on Sankara Nethralaya Where is Rajaji? The sea- saw battle continues... An enemy’s enemy is a friend The ‘Jayanthi Tax.’ S V Raju – a ‘good’ true liberal The balancing act Delhi returns to BJP Convulsions in The Hindu Shaming of Tamils by Tamil farmers at Delhi TN accounts for the largest recruits by the IT sector Should we change the official year? Polls and promises A welcome initiative by the judiciary R Sridhar steps down as CEO of Shriram Capital Fortune 500 review Plummeting profits of PSBs Sweeter prospects for sugar PPP mode for upgrading Corporation Hospitals TGS- The king storyteller Quality education through the PPP mode GNS - 100: our first subscriber Nuclear power at the nucleus Shipping woes of Chennai companies Protest masters... Editor's Says Tribute – Manikam Ramaswami Another Indian music maestro at the UN West Bengal: mindless malignancy An informal presentation - analytical, forward locking... A glass full of corruption IPL type auction for VCs? No mega rail project for Tamil Nadu Return to king coal for urea... Tribute Poor quality of university VCs
 
ONGC at KG Basin

At the Economic Editors’ Conference held in November 2009, the then Minister of Oil and Natural Gas, Murli Deora, expressed hope on the Krishna Godavari Basin off the Andhra coast emerging as a large producer of natural gas. At that time, Reliance production touched a level of 60-80 million cubic metres per day. Deora said that ONGC, Cairn Energy and GSPC which were also exploring gas would also emerge as large producers of gas from the KG Basin. There was an indication of daily production at 200 msmcmd!

Disappointingly, this hope did not materialise: the low price for gas pegged by the Supreme Court at $4.20 per 1000 MMBTU rendered exploratory efforts uneconomic; even production from Reliance gas fields dropped to less than 25 msmcmd.

In this background, recent news on ONGC striking gas rich is welcome. In parallel, there is another welcome development of the government re-negotiating the long term agreement with Qatar on gas contracts. The twin deals, of the long term supply at $6- $7 per 1000 MMBTU and Qatar agreeing to forego the claim on arrears of Rs 12,000 crore are extremely positive developments.

This should accelerate efforts at setting up gas terminals at Ennore and Tuticorin in Tamil Nadu and also at nearby Krishnapatnam. IE has been stressing the elegance and economics of switching to gas from liquid petroleum products by a vast range of industries. Around $6 per 1000 MMBTU will make production of fertilisers and electricity from gas attractive.

Tamil Nadu should learn from the extensive use of gas by industries in Gujarat and Maharashtra to great advantage. It should work on expediting the creation of a gas grid for Tamil Nadu and focus on domestic supply by piped gas, as done in Delhi, Mumbai and several cities in Gujarat.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com