Ad Here  
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? Robber barons everywhere Plummeting profits of PSBs The rise and rise of KCP Welcome focus on core competence Liberal imports idling indigenous capacities Cutting the nose to spite the face A proud Madrasi S Ramanathan – a versatile musician, musicologist The brown list of Venkitaramanan When the President was rendered homeless… The Ports’ Pasha expands into Tamil Nadu Breaththrough in malaria control Measuring roof tops in terms of KW/MW Solar, solar everywhere … Adapt Vajpayee dinner diplomacy More heat than light When online building permits work…. Secularism and anti-Hinduism The why of tax incentives Insurance companies bleeding, yet no decision on increasing FDI limit! No engine for this car TIAM turns a full cycle IPL type auction for VCs? Recognition to role of NBFCs.... Tax agriculture More Shakthi to Das’ elbow For whom the bell tolls? Parliament in paralysis... Where a state respects its litterateurs… Sweet news for TN sugar mills The rise and fall of Annamalai University Land reclamation from sea appears cheaper! Towards speedy justice When small is no larger beautiful.. Cleaning Ganga – relocate tanneries and install electric crematoria Kudos to NDTV... The balancing act Maximising the micro pricing … PPP mode for upgrading Corporation Hospitals Waning interest in public discussions… Boy, can you beat these? Air Asia India will set new benchmarks for budget travel Alexa – Talking Wikipedia Moily’s bold thrust More tributes to GR Fortune for Indian Airlines Tribute – Manikam Ramaswami Russi Mody – a tribute Tribute Tough task taking states together Where is Rajaji? L&T- the specialty of special purpose vehicles Five star activism stalls development activity Protest masters... Building loyalty through the stomach Excel Generators provide the vital back-up Delhi returns to BJP He continues the focus on social amelioration Tihar, Puzhal not different from Parappana Agrahara R Sridhar steps down as CEO of Shriram Capital TN accounts for the largest recruits by the IT sector This scant respect for Law Infrastructure funding – lessons learnt Mersal magnified A think tank for Chennai Limit foreign borrowings to hi-tech, export potential projects... Modi storms Silicon Valley Fuel for thought All eyes on Sankara Nethralaya Small units prefers to remain small... Auto components surge… Delhi is distant… London, London Narayan PC’s preference for professionals Tatas moving out of urea production... A Grand Finale for SN’s MS centenary at the US… CII projects higher growth… WTO Meet: resolved to meet again CRS, a jewel among managers, is no more. Editor's Notes More Shakti to resource mobilisation... Godspeed, Chief Minister JJ Which side are you, Montek? ONGC at KG Basin Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Delhi Chalo... Shaming of Tamils by Tamil farmers at Delhi IPL - no surprise this scam Streamlining mandatory third party cover TELANGANA at last…BUT Tribute – UCAL Selvan… Put expensive assets created to use... Don’t seem to feel the pulse… IAS invades NDDB... No Maha Koottani in TN... Rs.1600 crore paper board plant of TNPL Align crops to agro climate endowments… S V Raju – a ‘good’ true liberal TGS- The king storyteller West Bengal: mindless malignancy L&T: focus on infrastructure and more infrastructure… Bihar elections - the Rajaji formula worked MHC should not return to its old indisciplined ways Of course, Gujarat is vibrant An informal presentation - analytical, forward locking... CSR and CMI: promise of another Srinivasan Ramanujan... Delhi is distant A glass full of corruption Inflation: are we emulating Argentina and Brazil? The nuclear option Making ‘my Amaravati’... Cement prices continue to rise… The star of Spencers is no more Odisha: spectacular win by Naveen Patnaik An enemy’s enemy is a friend Demise of a media baron... Editor's Says For whom the MIDS bell tolls? Return to king coal for urea... Welcome changes that testify to Jayalalithaa’s return to health A more liberated TN… Why this malaise in medical education? Lalu’s envy, India’s pride A professional at the helm of IRDA... Preserving for the future The sea- saw battle continues... Music happens Roaring Ro-Ro facility 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 TN – agglomerate land holdings without alienating ownership Paytm karo... Polls and promises No mega rail project for Tamil Nadu Dr C Rangarajan returns to Chennai Solar thermal shines… B H Kothari - a tribute Muffled voices for merit… Should we change the official year? The ‘Jayanthi Tax.’ Quality education through the PPP mode Contrarian cousins Lesson from Chandrababu Naidu Not just in-laws (and outlaws); they’ve renowned academics at the helm! Another Indian music maestro at the UN Multi-faceted Venkat The Gulf aviation boom Wise Presidents Shale gas and its shallow future China invests in India Naidu’s return augurs well for Seemandhra GM Technology at last! Banning booze... A welcome initiative by the judiciary Poor representation for Kerala and TN in Cabinet A friendly business group The few handicaps... Like Hinduism: many paths to reach God... Engineering seats go abegging Online not in line with brick and mortar businesses... Welcome GST TN-leverage strength of BHEL, NLC... 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.


Author :
Reported On :
Sector :
Shoulder :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236