India Revises Domestic Natural Gas Price for December

03 Dec 2024 CW Team

The price of domestic natural gas for December 2024 has been revised to $7.29 per million metric British thermal units (mmBtu), down from $7.53 in November, according to a notification by the Ministry of Petroleum and Natural Gas (MoPNG). Despite the reduction, the domestic gas price remains capped at $6.5 per mmBtu under the country’s pricing framework.

Pricing Framework Under the revised mechanism, domestic natural gas prices are linked to imported crude oil, constituting 10% of the Indian crude basket. Prices are revised monthly, with a floor and ceiling set at $4 and $6.5 per mmBtu, respectively.

The new rate applies to natural gas produced from legacy fields operated by Oil and Natural Gas Corporation Ltd (ONGC) and Oil India Limited (OIL). The guidelines, introduced in April 2023, aim to balance global market trends with the interests of domestic producers and consumers.

Strategic Impact The updated pricing aligns with India's broader energy policies to stabilize the natural gas sector while encouraging production and fair market pricing. Industry stakeholders, including ONGC, OIL, and GAIL, have been informed of the changes to ensure seamless implementation.

Experts note that the framework demonstrates India’s commitment to global energy standards, fostering sectoral growth and ensuring energy security.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..