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Mu Sigma – is no more Tatas moving out of urea production... When the President was rendered homeless… Convulsions in The Hindu West Bengal: mindless malignancy A professional at the helm of IRDA... Where is Rajaji? Engineering seats go abegging TIAM turns a full cycle Bihar – Nitish Kumar adopts the Lalu model Colour-Chem’s colourful KRVS An enemy’s enemy is a friend Delhi is distant …and of a popular trade leader He saved millions from starvation... Sweet news for TN sugar mills Should we change the official year? Fortune for Indian Airlines When nations steal growth from one another… Muffled voices for merit… IPL - no surprise this scam Medical costs hit the roof... Editor's Says CII projects higher growth… CRS, a jewel among managers, is no more. Breaththrough in malaria control TELANGANA at last…BUT He continues the focus on social amelioration Welcome focus on core competence Odisha: spectacular win by Naveen Patnaik Polls and promises Align crops to agro climate endowments… Put expensive assets created to use... Why this malaise in medical education? Sri Lanka votes for change Pharma – overdose of copying A glass full of corruption Quality silica from Neyveli Streamlining mandatory third party cover Silver Years of Madras Musings Welcome thrust on trade in Modi’s foreign visits... Kudos to NDTV... R Sridhar steps down as CEO of Shriram Capital The sea- saw battle continues... Inflation: are we emulating Argentina and Brazil? The rise and fall of Annamalai University Naidu will soon build a new Hyderabad Strengthen the base... Like Hinduism: many paths to reach God... Scientists urged to take up farmer-oriented research PPP mode for upgrading Corporation Hospitals L&T- the specialty of special purpose vehicles Vibrant Gujarat Cleaning Ganga – relocate tanneries and install electric crematoria Not just in-laws (and outlaws); they’ve renowned academics at the helm! Kulandai was a giant The Jan Dhan bonanza The Ports’ Pasha expands into Tamil Nadu Excel Generators provide the vital back-up Welcome changes that testify to Jayalalithaa’s return to health More Shakti to resource mobilisation... Fall in crude prices help in oil sector reform Rahman at CIC Sweeter prospects for sugar A welcome initiative by the judiciary Alexa – Talking Wikipedia Five star activism stalls development activity Bihar elections - the Rajaji formula worked Roaring Ro-Ro facility Build close rapport with business leaders MHC should not return to its old indisciplined ways Whistle-Stop Tour of Raghuram Rajan There was flood of milk. Reason: no milk commissioner! Music happens EEC at the National Media Centre Waning interest in public discussions… ONGC at KG Basin Adharma of opposition politics Shipping woes of Chennai companies Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated The power-full Hindujas Fortune 500 review Recognition to role of NBFCs.... No mega rail project for Tamil Nadu An informal presentation - analytical, forward locking... Shale gas and its shallow future Readers' Mail Tihar, Puzhal not different from Parappana Agrahara More heat than light Online not in line with brick and mortar businesses... TN – agglomerate land holdings without alienating ownership A Grand Finale for SN’s MS centenary at the US… The rise and rise of KCP GM Technology at last! Poor representation for Kerala and TN in Cabinet Make standards certification mandatory... A yen for wastage… Cutting the nose to spite the face Where a state respects its litterateurs… Tribute – Manikam Ramaswami EVM is tamper-proof IPL type auction for VCs? IAS invades NDDB... Another Indian music maestro at the UN Discoms deserve better… Wise Presidents TGS- The king storyteller No Maha Koottani in TN... Remembering Indira Sivasailam... London, London Narayan A more liberated TN… S Ramanathan – a versatile musician, musicologist Contrarian cousins This scant respect for Law A rich pool of talent not utilised…. Shaming of Tamils by Tamil farmers at Delhi Of course, Gujarat is vibrant The ‘Ayyo-yes’ is no more Towards speedy justice Return to king coal for urea... Air Asia India will set new benchmarks for budget travel More tributes to GR The brown list of Venkitaramanan TN accounts for the largest recruits by the IT sector When online building permits work…. Tribute – M V Murugappan Banning booze... Delhi Chalo... L&T: focus on infrastructure and more infrastructure… Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Gay abandon in pricing Tribute Revving up the manufacturing sector Solar thermal shines… Marketing expert Balagopal is no more Demise of a media baron... TN-leverage strength of BHEL, NLC... Auto components surge… Insurance companies bleeding, yet no decision on increasing FDI limit! Infrastructure funding – lessons learnt to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Telangana in top gear… Lesson from Chandrababu Naidu Road development slows down Airlines in India: cost and space WTO Meet: resolved to meet again Measuring roof tops in terms of KW/MW Intellectual of rare qualities Shanti and Sadhana through Music Russi Mody – a tribute An inexplicable neglect Cement prices continue to rise… Quality education through the PPP mode Fuel for thought CSR and CMI: promise of another Srinivasan Ramanujan... Don’t seem to feel the pulse… Plummeting profits of PSBs For whom the MIDS bell tolls? B H Kothari - a tribute Gas is the way forward Secularism and anti-Hinduism Nuclear power at the nucleus CIPET hqrs to stay at Guindy – for the present? Funding the un-funded Delhi returns to BJP Boy, can you beat these? Come elections, come advertisements... Kinetic Karnataka GNS - 100: our first subscriber Eternal support for capitalisation of PS banks Limit foreign borrowings to hi-tech, export potential projects... Building loyalty through the stomach Godspeed, Chief Minister JJ More Shakthi to Das’ elbow Maximising the micro pricing … No engine for this car Tough task taking states together The ‘Jayanthi Tax.’ How Air-India loses customs... Computation of GDP – conundrums continue Wanted: a second airport for Chennai Revive development banks... Making ‘my Amaravati’... Rs.1600 crore paper board plant of TNPL When TN politicians can emulate Kerala's The Swadeshi Trump The why of tax incentives Adapt Vajpayee dinner diplomacy SoA @ 80 Land reclamation from sea appears cheaper! For whom the bell tolls? Mersal magnified Protest masters... Naidu’s return augurs well for Seemandhra When Ratan Tata visited SRM Tatas moving out of urea production... Parliament in paralysis... Padma Bhushan for A Ramakrishna Multi-faceted Venkat Tribute – UCAL Selvan… Preserving for the future Why land prices zoom in TN? Modi and the lady The Gulf aviation boom A friendly business group Valli, they are more marginalised Editor's Notes A Grand Finale for SN’s MS centenary at the US… Delhi is distant… Haul over the coal The nuclear option F C Kohli - his concerns all embracing Things happen by accident and not by design... Modi storms Silicon Valley Permanent secretariat for TN GIM When small is no larger beautiful.. PC’s preference for professionals Robber barons everywhere Small units prefers to remain small... Tax agriculture The few handicaps... China invests in India Paytm karo... A proud Madrasi A think tank for Chennai Noble nonagenarians... Poor quality of university VCs Liberal imports idling indigenous capacities S V Raju – a ‘good’ true liberal The balancing act Increasing non co-operation of state leaders Diamond jubilee of Egmore Samskrt School Lalu’s envy, India’s pride Dr C Rangarajan returns to Chennai New IT products of Ramco in the pipeline… Reliance’s TV – 18 ready to launch Tamil News Channel Solar, solar everywhere … The star of Spencers is no more A C Muthiah – his munificent bequeaths to science Focus on quality of power - its only around 170-180V All eyes on Sankara Nethralaya Moily’s bold thrust Which side are you, Montek? Welcome GST
 
ONGC at KG Basin

At the Economic Editors’ Conference held in November 2009, the then Minister of Oil and Natural Gas, Murli Deora, expressed hope on the Krishna Godavari Basin off the Andhra coast emerging as a large producer of natural gas. At that time, Reliance production touched a level of 60-80 million cubic metres per day. Deora said that ONGC, Cairn Energy and GSPC which were also exploring gas would also emerge as large producers of gas from the KG Basin. There was an indication of daily production at 200 msmcmd!

Disappointingly, this hope did not materialise: the low price for gas pegged by the Supreme Court at $4.20 per 1000 MMBTU rendered exploratory efforts uneconomic; even production from Reliance gas fields dropped to less than 25 msmcmd.

In this background, recent news on ONGC striking gas rich is welcome. In parallel, there is another welcome development of the government re-negotiating the long term agreement with Qatar on gas contracts. The twin deals, of the long term supply at $6- $7 per 1000 MMBTU and Qatar agreeing to forego the claim on arrears of Rs 12,000 crore are extremely positive developments.

This should accelerate efforts at setting up gas terminals at Ennore and Tuticorin in Tamil Nadu and also at nearby Krishnapatnam. IE has been stressing the elegance and economics of switching to gas from liquid petroleum products by a vast range of industries. Around $6 per 1000 MMBTU will make production of fertilisers and electricity from gas attractive.

Tamil Nadu should learn from the extensive use of gas by industries in Gujarat and Maharashtra to great advantage. It should work on expediting the creation of a gas grid for Tamil Nadu and focus on domestic supply by piped gas, as done in Delhi, Mumbai and several cities in Gujarat.

 

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