Nandini Consultancy Centre, a firm of chemical business consultants based in Chennai and Singapore has now published well researched book on “Case for reconsidering recommendation of Rangarajan Panel on gas price”
Rangarajan panel was appointed by Government of India to recommend appropriate policies for determining the price of natural gas in India. Subsequent to the submission of recommendation, Government of India issued notification accepting the recommendation of Rangarajan panel and for implementing it from
1st April 2014.
However, the Election Commission deffered the implementation until the completion of parliamentary election.
Implementation of recommendation of Rangarajan panel would result in almost doubling of the natural gas price in India. The panel suggested new formula that would be applicable till March 31st, 2019. The rates would change every quarter based on twelve months average of global rates and LNG imported prices with a lag of one quarter. This recommendation is causing considerable concern amongst the natural gas consumers such as urea fertilizer units and power projects.
This well researched investigative book discusses the implications of the recommendation of Rangarajan panel on natural gas price and concludes that the recommendation should be reconsidered.
The book has been written by Mr.Swaminathan Venkataraman, Chemical Engineer and MBA (Indian Institute of Management, Ahmedabad), who has long experience in industrial management functions in multi national companies.
Mr.Swaminathan Venkataraman is Director of Nandini Consultancy (S) Pte Ltd., Singapore.
Foreword for the book is written by Dr.R.P.Kaushik, Former Indian Ambassador of Turkmenistan
Contents of the book
Section I Back ground and time line
Section II India’s projected gap in supply for natural gas
Section III India’s track record in gas exploration
Section IV India’s increasing dependence on LNG import
Section V Price scenario for natural gas and cost of production
Section VI Basis for Rangarajan panel recommendations and the claimed benefits
Section VII Likely impact of gas price increase on Indian urea industry
Section VIII Likely impact of gas price increase on power sector
Section IX Observations on the impact
Section X Why Rangarajan panel recommendation can not be accepted?
Section XI Hold on to present arrangement
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