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Nirmal Bang Report
The unified tariff regulation notified by the Petroleum and Natural Gas Regulatory Board last week is designed to be revenue neutral for existing pipelines of natural gas transportation as explained in the new regulation.
And this view has been echoed by industry executives during our channel checks.
We agree with the regulations’ primary rationale to help deliver gas at a uniform tariff across India and expand the gas market.
And the proposal to notify rules for the gas exchange (and a grid management system) will support gas to gas competition.
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