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Recent regulations
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Potential regulations under discussion/consideration
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- New Exploration Licensing Policy (NELP I-VIII)
- Deregulation of LNG terminals
- 100 percent FDI in upstream
- Removal of customs duty on LNG
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- Open Acreage Licensing Policy (OALP) in lieu of NELP – to enable bidding for any acreage anytime, instead of for fixed blocks and at fixed timeslots
- Policy for unconventional resources
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– Third party carriage allowed on pipelines with mandated 25 per cent extra capacity
– Pipeline laying made competitive
–‘Infrastructure’ status for pipelines
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- Pipeline tariff fixation methodology for the national gas grid
- Uniform postal tariff/uniform grid tariff to avoid cascading effect
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- Arm’s length transactions between mid- stream and downstream companies
- NELP gas allocation as per Gas Utilisation policy
- Open access and private participation in power generation and distribution
- Nutrient based subsidy, import parity pricing and higher price allowance for fertiliser sector
- ‘Infrastructure’ status for city gas networks
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- Tax rationalisation/introduction of GST
- Declared Goods Status for natural gas
- Peaking power regulation to enable time of day tariffs
- Evaluating national gas highways to promote gas
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- Administered pricing mechanism (APM)
- Production sharing contracts (PSCs)
- Market price gas (MPG)
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