Tag Archives: ONGC eliminates the marketing margin but refuses to reduce the gas price

ONGC eliminates the marketing margin but refuses to reduce the gas price

According to tender documents, the state-owned Oil and Natural Gas Corporation has agreed to waive the marketing margin on gas it expects, to generate from its KG basin area, but has declined to lower the minimum cost. Last month, ONGC, India’s largest oil and gas company sought bids for the initial sale of 2 million standard […]