India is compelled to buy natural gas from international market. They sell natural gas in high rates. They provide 3 million standard cubic metres of gas per day which is used to produce 750 MV of electricity. There is no Exact information for the pricing policy for the natural gas which is provided. Burning in the local gas field is to high. It also harms the environment and the resources. The government is working on this matter for searching various ideas so they can provide gas by the supply system.
It would involve great amount investments and the pricing policy. The matter has been raised by (CAG), the high pressure gas values about Rupees 816.08 crore. During 2020 to 2021,ONGC released a CAG report in December 2021.The petroleum ministry did not responded on this matter. ONGC accepted burning is a technically essential. The quater of the year of 2022-2023,gas burning has been 2.32%. ONGC was working continuously to minimise gas burning. It was done to ensure the safety of the environment and the resources .India regulates the pricing. In April to September 2022 was 6.10 per unit. After the Ukraine war, Russia supplies cheaper natural gas and compelled India to pay price of LNG.
