Regulator approval must for new LNG import terminal

The Petroleum and Natural Gas Regulatory Board (PNGRB) has mandated prior approval for establishing or expanding LNG import terminals, aiming to boost natural gas usage to 15% of India’s energy mix by 2030. While promoting competition and preventing wasteful investments, the new regulations surprisingly eliminate the requirement for reserving terminal capacity for third-party access.

The Petroleum and Natural Gas Regulatory Board (PNGRB) has mandated prior approval for establishing or expanding LNG import terminals, aiming to boost natural gas usage to 15% of India’s energy mix by 2030. While promoting competition and preventing wasteful investments, the new regulations surprisingly eliminate the requirement for reserving terminal capacity for third-party access.