August 1, 2013
The Indian gas sector operates under a dual-pricing regime, where gas produced by the nominated blocks operated by public companies is sold at government-regulated prices [or under the administered pricing mechanism (APM)], while imported gas or gas produced by fields under production-sharing contracts (PSCs) is sold at prices determined by contract terms as well as by the market forces of demand and supply.
July 1, 2013
Given the sufficient availability of natural gas in the country, Peru’s government is now trying to maximise access to the resource. As against the earlier petroleum-dominated energy mix, the intent now is to shift to gas usage to meet daily energy and other requirements.