has plummeted to less than half to 24 mmscmd.
Industry officials said that the world over countries have raised price for domestic produce.
Last week, Argentina trippled wellhead price for new natural gas production to USD 7.50 per mmBtu. The South American nation too imported LNG at up to $15 per mmBturate, quite similar to the position in India.
Neighbouring Pakistan too has announced a new exploration policy giving price of $7 for shallow water finds, $8 for deepsea discoveries and $9 for ultradeep exploration.
China too has offered subsidises to energy companies who develop the nation's shale-gas resources.