Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

28-December-2015 10:07 IST

Para 3(x) of guidelines dated July 8, 2013 regarding allocation of gas from small/isolated fields stipulates that in order to achieve early monetization, only such projects shall be selected that are ready to off-take gas within 90 days from the date of readiness indicated by the National Oil Companies (NOCs). The NOCs have brought to the notice of the Ministry of Petroleum and Natural Gas that customers of North East Region are facing various difficulties in utilizing the gas within 90 days and have been requesting for longer lead time for monetization of gas from small and isolated fields. Considering the difficulties of North East Customers, the Government has decided to increase the period of 90 days for off-take of gas from the date or readiness indicated by the NOCs as mentioned in para 3 (x) of the guidelines dated 8.7.2013 to one year in respect of small and isolated fields located in the North East Region.

YKB/Rk

Off-take period extension for North East gas customers permits a longer lead time to commence utilization from small fields. For small and isolated fields located in the North East Region, the Government has relaxed the requirement in para 3(x) by extending the maximum permitted off-take lead time from the date of readiness to one year, adjusting the selection criteria used by National Oil Companies when allocating gas from such fields to allow a longer period for customers to commence utilization.