$ 23 billion investment in KG Gas: It will be a tightrope walk
Jul 31:
The estimated landed price in India in June for LNG is pegged at $ 5.50/mmbtu 8This price has been arrived at based on a netback calculation 8With net global LNG oversupply now projected to last until 2025 or even beyond, the likely breakeven gas price that India's nearly $ 23 billion in upstream investment that is now potentially lined up in Eastern Offshore will have to look for is $5.50 or even lower. 8This is going to be a tightrope walk for gas producers, given that the discoveries are in deep waters, rough weather and treacherous geology. Click on Reports for more