7. In April 2023, the Cabinet Committee on Economic Affairs (CCEA), headed by PM Modi, approve the revised domestic gas pricing guidelines. In this context, which of the following statements is/are correct?
1). The revised guidelines are for the domestic natural gas pricing for the gas production from nomination fields of ONGC/OIL, New Exploration Licensing Policy (NELP) blocks and pre-NELP blocks.
2). The price of such natural gas shall be 10% of the Quarterly average of Indian Crude Basket.
3). Gas produced from new wells or well interventions in the nomination fields of ONGC & OIL, would be allowed a premium of 20% over the APM price.
Choose the correct code: