India’s cap on trading margins for deepwater, HPHT gas seen crimping trade

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India’s move to require natural gas producers with challenging fields to prioritize city gas distributors over other bidders and cap margins on resale trades has dissuaded traders from participating in auctions, reducing market activity, industry sources told S&P Global Commodity Insights. The Ministry of Petroleum and Natural Gas revised guidelines on the sale and resale of gas produced from discoveries…