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IEA expects gas price hike to give investment a lift

Posted on 10 July 2013

The International Energy Agency (IEA) expects India’s new gas pricing regime to boost investment in exploration and production, which will enhance energy security and help consumers, including gas-starved power plants.
IEA, the energy watchdog for the developed world, along with western experts and trade bodies such as the Confederation of Indian Industry, is unanimous in supporting market-linked prices, in sharp contrast to consumers of natural gas as well as opposition parties, particularly the Left parties, who have criticised the move to adopt the new pricing formula, which will double the price to $8.4 per unit, going by current trends………………………………………..Full Article: Source


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