The government has further relaxed rules for selling natural gas produced from small and isolated fields by waiving off time stipulation for fields located in the North East India.
The government has further relaxed rules for selling natural gas produced from small and isolated fields by waiving off time stipulation for fields located in the North East India.
The oil ministry had in July 2013 allowed pricing freedom for gas produced from small, isolated fields and given marketing freedom by imposing no obligation of seeking customers only from the fertiliser and power sectors.
The policy stipulated that only those customers who can take supply within 90-days be sold the gas. In view of the difficulties, the timeline has now been exten-ded to one year, said an oil ministry order.
“The oil companies have brought to the notice of the ministry that customers of North East are facing difficulties in utilising the gas within 90 days and have been requesting for long-er lead time for monetisation of gas from small fields.”
