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Report of the Inter-Ministerial Committee on policy for pooling of natural gas prices and pool operating guidelines

The Committee on Policy for Pooling of Natural Gas Prices and Pool Operating Guidelines was asked to examine the procedure for discovery of gas price. While refraining from suggesting a viable scheme for pooling of gas prices, it has focused its attention on preferential allocation of domestically produced natural gas to the fertiliser and power sectors with a certain reserved quantity for piped gas, CNG and other Court-mandated consumers. Most of the upstream companies have expressed reservations about the price discovery mechanism as it would operate in the pooling scenario. The pools do not have any control over the international LNG price and to get the benefit they would like to keep the domestic prices at much lower levels than the imported gas.

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