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Modi and the lady Build close rapport with business leaders Muffled voices for merit… Waning interest in public discussions… Vibrant Gujarat Where a state respects its litterateurs… L&T- the specialty of special purpose vehicles Streamlining mandatory third party cover Dr C Rangarajan returns to Chennai There was flood of milk. Reason: no milk commissioner! IPL - no surprise this scam Secularism and anti-Hinduism An inexplicable neglect Padma Bhushan for A Ramakrishna The sea- saw battle continues... PPP mode for upgrading Corporation Hospitals Tribute – M V Murugappan Naidu’s return augurs well for Seemandhra CII projects higher growth… Airlines in India: cost and space WTO Meet: resolved to meet again Tough task taking states together New IT products of Ramco in the pipeline… No engine for this car Computation of GDP – conundrums continue Mu Sigma – is no more Noble nonagenarians... 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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 Cleaning Ganga – relocate tanneries and install electric crematoria An informal presentation - analytical, forward locking... Sri Lanka votes for change PC’s preference for professionals No Maha Koottani in TN... EVM is tamper-proof Alexa – Talking Wikipedia Gay abandon in pricing Colour-Chem’s colourful KRVS Liberal imports idling indigenous capacities A welcome initiative by the judiciary Rahman at CIC Preserving for the future He saved millions from starvation... Fuel for thought TELANGANA at last…BUT Polls and promises The rise and fall of Annamalai University Odisha: spectacular win by Naveen Patnaik Pharma – overdose of copying Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai A proud Madrasi Poor quality of university VCs Gas is the way forward Put expensive assets created to use... 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Godspeed, Chief Minister JJ Fortune for Indian Airlines A more liberated TN… Tihar, Puzhal not different from Parappana Agrahara The ‘Jayanthi Tax.’ Adapt Vajpayee dinner diplomacy Kinetic Karnataka Shaming of Tamils by Tamil farmers at Delhi Why land prices zoom in TN? China invests in India Return to king coal for urea... Convulsions in The Hindu S V Raju – a ‘good’ true liberal Modi storms Silicon Valley R Sridhar steps down as CEO of Shriram Capital Diamond jubilee of Egmore Samskrt School For whom the MIDS bell tolls? Contrarian cousins Poor representation for Kerala and TN in Cabinet Tatas moving out of urea production... Sweet news for TN sugar mills Demise of a media baron... A Grand Finale for SN’s MS centenary at the US… Tatas moving out of urea production... Tribute – Manikam Ramaswami EEC at the National Media Centre A friendly business group The rise and rise of KCP For whom the bell tolls? 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The brown list of Venkitaramanan Focus on quality of power - its only around 170-180V IPL type auction for VCs? Engineering seats go abegging Russi Mody – a tribute Inflation: are we emulating Argentina and Brazil? Sweeter prospects for sugar Which side are you, Montek? Mersal magnified Delhi returns to BJP Shipping woes of Chennai companies Revive development banks... Nuclear power at the nucleus ONGC at KG Basin Paytm karo... GNS - 100: our first subscriber Breaththrough in malaria control Medical costs hit the roof... Tribute – UCAL Selvan… Towards speedy justice The power-full Hindujas Fortune 500 review Should we change the official year? Shanti and Sadhana through Music More Shakthi to Das’ elbow A yen for wastage… This scant respect for Law A professional at the helm of IRDA... A rich pool of talent not utilised…. CRS, a jewel among managers, is no more. Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Adharma of opposition politics London, London Narayan
 
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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