Gas pricing reform in India: will it transform the gas landscape?

In: https://ora.ox.ac.uk/objects/uuid:3332db6c-f29f-42fe-a798-decb1c3e751b

Abstract

In November 2014, India implemented an unprecedented reform of domestic gas pricing. Under the reform, India's gas price (formerly controlled by the government at $4.20/MMBtu) became linked to a volume-weighted average of world gas prices – US Henry Hub, UK NBP, Alberta Gas Reference price, and the Russian domestic gas price. The price is to be reset every six months, based on a twelve month trailing average with a lag of one quarter.