New Delhi, India, April 30, 2012 - Section 15(1) of the Petroleum & Natural Gas Regulatory Board Act,
2006 provides that every entity desirous of:
(a) Marketing any notified petroleum or petroleum
products or natural gas; or
(b) Establishing or
operating a liquefied natural gas terminal; or
(c) Establishing storage facilities for petroleum,
petroleum products or natural gas
Exceeding such capacity as may be specified by regulations,
and fulfilling the eligibility conditions as may be
prescribed shall make an application to the Board for its registration under
this Act.
Provided that no
registration under this Act shall be required for any entity carrying on any activity referred to in clause (a) or clause (b) or
clause (c) immediately before the appointed day but shall inform the Board
about such activity within six month from the appointed day.
2. Further, Section 60(2) (e)
of the Act provides for the Central Government to notify Rules relating to the
eligibility conditions which an entity shall fulfill for registration under
Section 15(1).
3. It is, therefore,
proposed to hold consultations to finalize the eligibility conditions for
registration as LNG infrastructure, inter-alia, specifying minimum capacity,
open access commitment, physical specifications etc.
4. Accordingly, all
interested stakeholders who were earlier requested to convey their comments
regarding “eligibility conditions” for establishing or operating a LNG terminal
to the Ministry by 24th April, 2012, are now requested to submit
their comments by 30 April 2012.
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