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