AsianOil: India’s regulatory board drafts new rules for LNG industry terminals

India’s Petroleum and Natural Gas Regulatory Board (PNGRB) is reported by Indian and energy industry media to be considering the introduction of more regulatory controls over the country’s LNG terminals in order to make their operation more transparent and to better utilise existing infrastructure, most of which is operating at less than 50% capacity.

PNGRB has issued a draft proposal of new regulations that include certification of registration by PNGRB for each new LNG import project. Tightened oversight of terminals could cause developers to face fines in case the start-up dates of their projects are delayed, according to a report in Argus, which said the new regulations could possibly slow investments in the sector due to tightened oversight.

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