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