.. Gas Production To Remain A Loss-making Proposition For Upstream Producers: Icra
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13 May 2020

Summary

  • Domestic gas production is expected to remain a loss-making proposition for most Indian upstream producers in financial year 2020-2021 as prices are expected to remain subdued, rating and research firm ICRA said today.

  • “Gas prices at various international gas hubs have declined, which would lead to lower domestic gas prices in FY2021. Accordingly, the domestic gas production will remain a loss-making proposition for most fields for the upstream producers, notwithstanding some decline in oilfield services/equipment cost,” K Ravichandran, senior vice-president at ICRA said.

  • Ravichandran said the recent sharp drop in crude oil prices is......

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