Indian Producers Call for Gas Price Floor

摘要

India's state-run upstream firms want the government to set a floor price on domestically produced gas, or grant tax breaks, as the latest cut in prices will all but wipe out company earnings, executives say. The producers, already battered by low oil prices, need to grow their earnings to finance multibillion-dollar exploration programs and to buy stakes in Russian oil and gas fields (IOD Mar.14'16).