Under Open Acreage Licensing Policy (OALP) as part of Hydrocarbon Exploration and Licensing Policy (HELP), Exploration & Production companies are allowed to put in offers at any time by submitting an initial Expression of Interest (EoI) indicating the area which it wishes to take up for exploration.
Petroleum and Natural Gas Regulatory Board (PNGRB) authorises entities to develop Natural Gas Distribution Network as per PNGRB Act, 2006 and the Regulations notified thereunder. PNGRB identifies the Geographical Areas (GAs) for the development of City Gas Distribution (CGD) network depending on the natural gas pipeline connectivity, natural gas availability and techno-commercial viability.
Government of India notified "New Domestic Natural Gas Pricing Guidelines, 2014" on 25 October, 2014. This pricing mechanism is formula based and has been worked out considering the volumes and prices prevailing at major international markets such as Henry Hub, National Balancing Point, Alberta and Russia. The formula has been finalized considering the requirements of producing and consuming sectors, and has tried to make a fine balance between their interests.