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Shipping woes of Chennai companies Welcome thrust on trade in Modi’s foreign visits... Marketing expert Balagopal is no more Computation of GDP – conundrums continue He saved millions from starvation... Valli, they are more marginalised Nuclear power at the nucleus SoA @ 80 Poor quality of university VCs An inexplicable neglect Funding the un-funded Airlines in India: cost and space The power-full Hindujas When Ratan Tata visited SRM Medical costs hit the roof... Naidu will soon build a new Hyderabad Telangana in top gear… Colour-Chem’s colourful KRVS The Swadeshi Trump How Air-India loses customs... Gas is the way forward Shanti and Sadhana through Music Modi and the lady Sweeter prospects for sugar A Grand Finale for SN’s MS centenary at the US… Permanent secretariat for TN GIM F C Kohli - his concerns all embracing Scientists urged to take up farmer-oriented research Road development slows down Kulandai was a giant Fall in crude prices help in oil sector reform Build close rapport with business leaders Quality silica from Neyveli A yen for wastage… Why land prices zoom in TN? 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Bihar – Nitish Kumar adopts the Lalu model …and of a popular trade leader EVM is tamper-proof Intellectual of rare qualities Kinetic Karnataka A C Muthiah – his munificent bequeaths to science Whistle-Stop Tour of Raghuram Rajan Strengthen the base... CIPET hqrs to stay at Guindy – for the present? Silver Years of Madras Musings A rich pool of talent not utilised…. Come elections, come advertisements... Fortune 500 review Revving up the manufacturing sector The ‘Ayyo-yes’ is no more GNS - 100: our first subscriber The Jan Dhan bonanza Eternal support for capitalisation of PS banks Revive development banks... Discoms deserve better… Haul over the coal Wanted: a second airport for Chennai Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Pharma – overdose of copying Increasing non co-operation of state leaders Padma Bhushan for A Ramakrishna Gay abandon in pricing Noble nonagenarians... When nations steal growth from one another… Remembering Indira Sivasailam... Sri Lanka votes for change Vibrant Gujarat New IT products of Ramco in the pipeline… Make standards certification mandatory... Tatas moving out of urea production... Adharma of opposition politics Tribute – M V Murugappan There was flood of milk. Reason: no milk commissioner! Mu Sigma – is no more When TN politicians can emulate Kerala's Things happen by accident and not by design... Rahman at CIC Convulsions in The Hindu Readers' Mail Focus on quality of power - its only around 170-180V Reliance’s TV – 18 ready to launch Tamil News Channel Diamond jubilee of Egmore Samskrt School EEC at the National Media Centre
 
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.

 

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