Mumbai High,onshore fields in Assam ,Andhra Pradesh,Gujarat and krishna godavari basin.

• Gas pricing. India has a rather unusual dual gas pricing and supply policy, with APM gas produced by state-owned companies and non-APM gas from private companies and joint ventures (JVs). Until May 2010, prices differed widely from around USD 2/MBtu for APM gas to almost USD 6/MBtu for the most expensive non-APM gas. Such a gap was pushing towards changes. Increasing private supply of gas has been indeed a major policy challenge for the government as the pooling of gas prices was limited by the declining availability of APM gas. Moreover, any effort to keep domestic gas prices low would act as a disincentive for more upstream investment.• Insufficient supplies. The bulk of India’s supplies is produced domestically but demand for gas is increasing while production from the old fields has been dwindling. While most gas production used to be produced by state-owned companies, this is changing rapidly: JVs and private companies represent an increasing share of domestic production. • Regulation and policy. The challenges faced by the Indian energy sector and by the gas sector in particular are tremendous. Insufficient supplies remain a policy issue despite a relative improvement.