The gas sector has seen some of the biggest policy developments in the past one year. One of the most significant reform measures has been the launch of the Open Acreage Licensing Policy (OALP) along with the National Data Repository. Some of the other key policy developments include discovered small fields policy, unified licensing, shift to revenue sharing, providing marketing and pricing freedom to operators for discoveries in high-pressure, high-temperature, deepwater and ultra deepwater areas, etc. These developments would result in greater opportunity for the E&P players as well providing a ready platform for new and more serious companies to enter this business segment.
Despite these positive developments, the shortage of domestic gas continues to hamper the growth of the sector. The shortfall in domestic gas supply is being met by LNG imports to the extent of 45 per cent. On the front of city gas distribution (CGD), in the past two years, the PNGRB has granted authorisation to lay, build, operate and expand the CGD network in almost 25 cities under bidding rounds 5, 6 and 7. These are expected to provide significant opportunity to equipment and technology players in the coming years.
It is hoped that over the next few years, production from DSF and the OALP fields will add significantly to the output. The constructive decisions taken by the government will help in liberalising the sector by simplifying processes, increasing market access and encouraging the use of technology to enhance efficiency.
Key Topics Covered:
Section I: Sector Overview and Outlook
Section II: Focus on New Policy Developments
Section III: Market Dynamics: Demand, Supply, Pricing
Section IV: Exploration and Production Industry
Section V: LNG Market Trends and Developments
Section VI: Update on Pipeline Infrastructure
Section VII: City Gas Distribution Market
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