Cabinet Approves Natural Gas Marketing Reforms

On 7th October, 2020, the Cabinet Committee on Economic Affairs approved ‘Natural Gas Marketing Reforms’, taking another significant step to move towards gas based economy.

Objective

  • To prescribe standard procedure to discover market price of gas to be sold in the market by gas producers, through a transparent and competitive process.
  • Permit Affiliates to participate in bidding process for sale of gas and allow marketing freedom to certain Field Development Plans (FDPs) where Production Sharing Contracts already provide pricing freedom.

Key Points

  • The policy aims to provide standard procedure for sale of natural gas in a transparent and competitive manner to ....
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