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The power-full Hindujas Revving up the manufacturing sector S V Raju – a ‘good’ true liberal The ‘Jayanthi Tax.’ Tatas moving out of urea production... R Sridhar steps down as CEO of Shriram Capital The why of tax incentives Excel Generators provide the vital back-up Lalu’s envy, India’s pride Diamond jubilee of Egmore Samskrt School Quality silica from Neyveli The Ports’ Pasha expands into Tamil Nadu Modi and the lady A more liberated TN… London, London Narayan Delhi returns to BJP Tax agriculture Plummeting profits of PSBs Poor representation for Kerala and TN in Cabinet CRS, a jewel among managers, is no more. The sea- saw battle continues... Adapt Vajpayee dinner diplomacy Whistle-Stop Tour of Raghuram Rajan He continues the focus on social amelioration Alexa – Talking Wikipedia More Shakti to resource mobilisation... Five star activism stalls development activity Pharma – overdose of copying Things happen by accident and not by design... Put expensive assets created to use... EEC at the National Media Centre TGS- The king storyteller Building loyalty through the stomach Poor quality of university VCs Bihar elections - the Rajaji formula worked When online building permits work…. Odisha: spectacular win by Naveen Patnaik Making ‘my Amaravati’... The star of Spencers is no more A rich pool of talent not utilised…. Fortune for Indian Airlines Increasing non co-operation of state leaders TIAM turns a full cycle SoA @ 80 IPL - no surprise this scam IPL type auction for VCs? Polls and promises A friendly business group Infrastructure funding – lessons learnt S Ramanathan – a versatile musician, musicologist Cutting the nose to spite the face Solar, solar everywhere … GNS - 100: our first subscriber Delhi Chalo... Marketing expert Balagopal is no more Breaththrough in malaria control L&T: focus on infrastructure and more infrastructure… Welcome GST When Ratan Tata visited SRM Should we change the official year? Robber barons everywhere CSR and CMI: promise of another Srinivasan Ramanujan... Cleaning Ganga – relocate tanneries and install electric crematoria Towards speedy justice Sweet news for TN sugar mills Adharma of opposition politics No mega rail project for Tamil Nadu Cement prices continue to rise… Shipping woes of Chennai companies A yen for wastage… New IT products of Ramco in the pipeline… An inexplicable neglect Colour-Chem’s colourful KRVS Dr C Rangarajan returns to Chennai Russi Mody – a tribute Boy, can you beat these? Permanent secretariat for TN GIM Funding the un-funded For whom the MIDS bell tolls? Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Gas is the way forward Shanti and Sadhana through Music Don’t seem to feel the pulse… Tribute – UCAL Selvan… Editor's Says Delhi is distant… Paytm karo... 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Tribute – M V Murugappan The Gulf aviation boom Sri Lanka votes for change Waning interest in public discussions… Mersal magnified The ‘Ayyo-yes’ is no more Nuclear power at the nucleus Preserving for the future Tihar, Puzhal not different from Parappana Agrahara Editor's Notes Valli, they are more marginalised Make standards certification mandatory... A glass full of corruption Where a state respects its litterateurs… TN-leverage strength of BHEL, NLC... Which side are you, Montek? A C Muthiah – his munificent bequeaths to science For whom the bell tolls? Computation of GDP – conundrums continue The Jan Dhan bonanza Wise Presidents Welcome changes that testify to Jayalalithaa’s return to health Inflation: are we emulating Argentina and Brazil? Roaring Ro-Ro facility Readers' Mail Streamlining mandatory third party cover Engineering seats go abegging GM Technology at last! Fuel for thought Godspeed, Chief Minister JJ Welcome thrust on trade in Modi’s foreign visits... 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Fall in crude prices help in oil sector reform Online not in line with brick and mortar businesses... Gay abandon in pricing Naidu will soon build a new Hyderabad Naidu’s return augurs well for Seemandhra When nations steal growth from one another… Shaming of Tamils by Tamil farmers at Delhi Measuring roof tops in terms of KW/MW ONGC at KG Basin F C Kohli - his concerns all embracing …and of a popular trade leader Tatas moving out of urea production... All eyes on Sankara Nethralaya The rise and fall of Annamalai University Liberal imports idling indigenous capacities West Bengal: mindless malignancy Tribute Music happens Strengthen the base... Mu Sigma – is no more MHC should not return to its old indisciplined ways A proud Madrasi Modi storms Silicon Valley Auto components surge… Build close rapport with business leaders Maximising the micro pricing … L&T- the specialty of special purpose vehicles When small is no larger beautiful.. Intellectual of rare qualities Telangana in top gear… IAS invades NDDB... Revive development banks... Banning booze... Noble nonagenarians... A welcome initiative by the judiciary Bihar – Nitish Kumar adopts the Lalu model Scientists urged to take up farmer-oriented research 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 Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai PC’s preference for professionals Rs.1600 crore paper board plant of TNPL
 
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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