Oil ministry readies LNG infra policy
New Delhi The petroleum ministry will soon come out with a policy on setting up LNG infrastructure in the country to expedite the development of the domestic gas market, hobbled by the wide gap between demand and indigenous production of the green fuel.
While the petroleum and natural gas regulatory board (PNGRB) has the power to authorise development of LNG terminals, there is no policy that could provide clarity to investors looking at putting their money in the sector.
Publication Date:
15/11/2012