Stay updated with breaking news from Piped Gas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The oil ministry will process the recommendations before moving them to the Cabinet for approval for changes in the existing gas pricing regime.
The new rates will be applicable from 8 October 2022. The price hike comes at a time when global spot gas prices are rising amid concerns of a supply shortage due to geopolitical tensions between Russia and the West.
Premium Content Rhetoric vs Reality: The EU’s Battle For Net Zero Emissions By Fernando C. Hernandez - Feb 17, 2021, 4:00 PM CST In the wake of the global race to reduce emissions, EU countries are struggling to implement a coherent policy approach or to align their actions with the high-minded rhetoric. While Denmark is banning offshore oil and gas leases in its quest to cease production in the Danish sector of the North Sea by 2050, it has also granted passage through its offshore waters for the Nord Stream 2 pipeline. A pipeline that is reportedly back on track to annually tra...