This website has reported sometime ago that a different policy paradigm is needed for offtake of gas from small and marginal fields in remote areas of the North East.
8The petroleum ministry seems to have acted on the suggestion.
8The guidelines stipulate that buyers have to offtake gas within 90 days from the readiness expressed by the National Oil Companies to supply gas.
8The demand for liberalization of this norm was made by industries based out of the North East. A longer lead time was desired.
8Accordingly, the government has now allowed North East based buyers to offtake gas within one year from the date of readiness assigned by the NOCs.
8For the oil companies though, the liberalization of policy should not be a problem. It just needs to be sure when it will ready to supply gas and issue an auction notice accordingly instead of at the nick of time as is the case at present.
8But care has to be taken to ensure that the gas is indeed supplied on the stipulated date and take or pay arrangements must be in place for either parties.
For more details visit indianpetroplus.com
8The petroleum ministry seems to have acted on the suggestion.
8The guidelines stipulate that buyers have to offtake gas within 90 days from the readiness expressed by the National Oil Companies to supply gas.
8The demand for liberalization of this norm was made by industries based out of the North East. A longer lead time was desired.
8Accordingly, the government has now allowed North East based buyers to offtake gas within one year from the date of readiness assigned by the NOCs.
8For the oil companies though, the liberalization of policy should not be a problem. It just needs to be sure when it will ready to supply gas and issue an auction notice accordingly instead of at the nick of time as is the case at present.
8But care has to be taken to ensure that the gas is indeed supplied on the stipulated date and take or pay arrangements must be in place for either parties.
For more details visit indianpetroplus.com
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