Who says there is no Gas Pricing Scam in India
A) China’s Increased sale price of imported gas to its industrial consumers = $0.18 per cubic meter or $4.7 per million metric British thermal unit (mmBtu)
B) India’s increased procurement price of indigenous gas from domestic producers = $0.31 per cubic meter 0r $8.2 per mmBtu
A-B = $0.14 Cubic meter or $3.5 mmBtu
India’s existing price of $4.2 is close to the Chinese increased price of $4.7 mmBtu
According to China’s top gas producer PetroChina the new prices would increase its profitability by 20 billion yuan ($3.27 billion) every year from 2014.
· The average price of imported gas to Asia is roughly $14.59 per million British thermal units, or roughly $0.55 per cubic meter.
· China increase prices and hiked them by 15% in July 2013. India will be doing it in April 2014.
·
A) China’s Increased sale price of imported gas to its industrial consumers = $0.18 per cubic meter or $4.7 per million metric British thermal unit (mmBtu)
B) India’s increased procurement price of indigenous gas from domestic producers = $0.31 per cubic meter 0r $8.2 per mmBtu
A-B = $0.14 Cubic meter or $3.5 mmBtu
India’s existing price of $4.2 is close to the Chinese increased price of $4.7 mmBtu
According to China’s top gas producer PetroChina the new prices would increase its profitability by 20 billion yuan ($3.27 billion) every year from 2014.
· The average price of imported gas to Asia is roughly $14.59 per million British thermal units, or roughly $0.55 per cubic meter.
· China increase prices and hiked them by 15% in July 2013. India will be doing it in April 2014.
·
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