An unexpected combination of oversupply of natural gas and a boom in solar and other renewable energy has depressed power prices and threatened the viability of natural gas plants that sell power into the Golden State's elect
CNG and piped cooking gas prices across the country will fall after natural gas rates were today cut by a steep 20 per cent, the third reduction in last one year.
Standard & Poor's today affirmed its ratings on ONGC, saying it reflects the company's strong competitive position and expectations of moderate financial ratios despite fall in oil and gas prices.
Earlier, Standard & Poor's said the 18-percent cut in domestic prices of natural gas will discourage oil exploration and production companies from committing new capital expenditure.
South Korea plans to construct liquefied natural gas bunkering terminals at some of its ports as part of a drive to dominate the market for building ships fuelled by both oil and gas.
Government approved a proposal to pool the prices of domestic natural gas and imported liquefied natural gas and supply them to domestic fertiliser plants at a uniform delivered price.