India reduces natural gas price from difficult areas like Reliance's KG-D6 block to $9.87/MMBtu.

India's government has cut the price of natural gas produced from difficult areas like Reliance's deep sea KG-D6 block to $9.87/MMBtu, aligning with a softening of international benchmark prices. However, the price of gas used for CNG and PNG supplies remains unchanged at $6.5 due to a 30% price cap based on market rates. This marks the third consecutive bi-annual reduction in rates for challenging fields.

March 31, 2024
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