Economy

Policy positives in the oil and gas sector

Deepak Mahurkar, Associate Director–Oil and Gas Practice

Deepak Mahurkar, Associate Director–Oil and Gas Practice  

Ask Deepak Mahurkar, Associate Director–Oil and Gas Practice in PricewaterhouseCoopers, if he sees positives among the policies governing his sector, he mentions the new regulations by PNGRB, gas utilisation policy, Vision 2015, and the Rajiv Gandhi Gramin LPG Vitrak Yojna.

Here are excerpts from the quick pre-Budget email interaction that Mahurkar recently had with Business Line.

On the new regulations by PNGRB (Petroleum and Natural Gas Regulatory Board)

The new regulations will focus on the safety aspects of the employees, public, facilities associated with natural gas pipelines and for developing a competitive natural gas market by avoiding infructuous investments by optimum utilisation of infrastructure of natural gas pipelines.

On the gas utilisation policy

In October, EGoM (the Empowered Group of Ministers) decided to allocate a quantity of 61.6 MMSCMD (million standard cubic feet per day) gas on firm basis and 30 MMSCMD on fallback basis from KG D-6 field to various priority sectors. This has resulted in the improvement of PLF (plant load factor) of power plants, reduction in fertiliser subsidy and utilisation for energy-efficient and environment-friendly applications.

On Vision 2015

This focuses on enhanced availability of right quality and quantity of petroleum products and aims at expanding the marketing network in rural areas. A smaller toll-free complaint number was launched. Facility for booking LPG through SMS was also launched. Under this, 200 cities are proposed to be covered with CNG/ PNG connections.

On the Rajiv Gandhi Gramin LPG Vitrak Yojna

To increase the reach of LPG especially in rural areas, this dedicated scheme was launched. The aim is to ensure that the rural population has access to the convenient cooking fuel at their doorstep and also to help local inhabitants particularly the youth and women to get dealerships.

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Printable version | Feb 17, 2020 1:32:01 PM | https://www.thehindu.com/business/Economy/Policy-positives-in-the-oil-and-gas-sector/article16815178.ece

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