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Home > News > Oman cuts gas price to $1.5 per mmBtu > Oman cuts gas price to $1.5 per mmBtu

Oman cuts gas price to $1.5 per mmBtu [1]

New Delhi Oman has halved the price at which it will sell natural gas to an Indian fertiliser plant in the Gulf nation to $1.5 per mmBtu but has added an annual escalation clause.

Oman, which had previously proposed to raise rates of gas sold to OMIFCO’s urea manufacturing facility at Sur to $3 per million instead of present price of $0.77 per mmBtu, has revised its offer to charge $1.5 per mmBtu, sources in know of the development said.

Publication Date: 
18/04/2012
Financial Express (New Delhi) [2]
Tags:
India [3], Oman [4], Natural Gas [5], Fuel Pricing [6], Fertiliser Industry [7], Ministry of Chemicals and Fertilizers [8], Energy [9]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/oman-cuts-gas-price-15-mmbtu

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/oman-cuts-gas-price-15-mmbtu
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oman
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fertiliser-industry
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-chemicals-and-fertilizers
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy