Global natural gas prices drop, but policy blocking India from making gain

One of the first things the new government should do now is revisit the five-year-old formula determining the price of domestic natural gas

What would you call the antonym for an oil shock? India is all too familiar with supply disruptions and this may explain why it is taking time to figure out how to deal with a surfeit of advantages in the energy sector. In 2019, despite oil and especially natural gas prices moving more south than north, India has yet to take any key action to build on this advantage. 

It is not often that India has surfed on such benign waves in the energy seas. In the domestic economy, there is a government just back in power with a stronger mandate;