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Natural Gas: An Overview. Ready Reckoner. 4 MMSCMD (or 1 MMTPA LNG) is required to feed a 1000 MW modern power station for 1 year Crude oil at $100 per barrel is equivalent to $ 17 per MMBtu. Gas supply scenario till 2011-12 (MMSCMD). Gas Reserves 2007.
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Ready Reckoner • 4 MMSCMD (or 1 MMTPA LNG) is required to feed a 1000 MW modern power station for 1 year • Crude oil at $100 per barrel is equivalent to $ 17 per MMBtu
The Petroleum & Natural Gas Regulatory Board Bill 2005 Key Functions of the Board relating to Natural Gas Marketing • Register entities to market gas, subject to contractual obligations of GoI LNG terminals • Register entities to establish and operate Common or contract carrier pipelines • Authorized entities to lay, build, operate • Declare as Common or Contract carrier • Regulate access and set terms for determining tariff City or local gas distribution networks • Authorize entities to lay, build, operate • Regulate access and set terms for determining tariff • Monitor prices Technical standards & specifications (incl. Safety) • Lay down above, including pipeline access code Key powers of Central Government • May issue policy directives to the Board • Final say on whether a question is one of policy or not
Overall comments • Demand till 2012: Present consumption = unmet current demand = greenfield projects (approx. 100 MMSCMD each) • Demand till 2024-32: Vary considerably. Some (foreign ones) unrealistically low. • Utilization policy of GoI: Priority to existing plants. Drivers: fuel economics and the environment.. Some unanswered questions • Supply: To reach 200 MMSCMD by 2012 if legal issues between RIL, RNRL & NTPC are sorted out. No gas for greenfield projects? Availability of rigs? • AllIndiagasgrid: Organic growth vs. Master Plan. No plans for gas storage • Transnational pipelines: Very slow progress Price/fee issues unresolved. Geo-political concerns. • LNG: New supplies of LNG hard to find. Is India prepared to pay the price? • Regulatory Board: Currently addressing city gas distribution issues. Work on pipelines in hand. • India’s carbon footprint: Will reduce with extensive use of natural gas