Niko said Indian media had reported that the government'sCabinet Committee of Economic Affairs had approved the new formula which wasbased on the average of the prices of imported LNG into India and the weightedaverage of gas prices in North America, Europe and Japan.
"Details of the CCEA decision are expected to bereleased in the next few days," said Niko, which owns 10% of theprestigious Block D6 gas project.
Niko
