Oil India reports KG Basin gas discovery; what it means for CNG users

In this short

• FUEL POLICY Oil India reports KG Basin gas discovery The appraisal result could support future domestic supply, but it does not change CNG prices now.
• THE TEST Gas reached the surface 1,00,000 SCMD The initial test flow came from the Godavari-1 well in the shallow offshore block.
• PEAK FLOW Continuous testing went higher 2,00,000 SCMD Oil India reported the maximum flow during continuous testing of the selected zone.
• WHO IS AFFECTED CNG users see no price change No commercial production, city-gas allocation or retail tariff change was announced.
• WHAT NEXT More appraisal work is due Oil India is preparing to test a higher zone before the discovery’s commercial potential is known.
• READ THE FULL STORY Discovery is not supply yet See the milestones that must follow before this result can affect India’s fuel system.
• READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.