Gas sector overhaul: The regulator has mandated the legal separation of entities engaged in natural gas marketing and laying, building, operating, or expanding gas transportation pipelines
PNGRB amends the existing regulations governing the unbundling of natural gas marketing and transportation activities
The regulator has mandated the legal separation of entities engaged in natural gas marketing and laying, building, operating, or expanding gas transportation pipelines
Such companies will be required to create separate legal entities for natural gas marketing and transportation
The Right of First Use will be available to the affiliate of the separate legal entity
This provision will apply to entities authorized as common carriers or contract carriers on or before March 31, 2017
The new provision is expected to promote the development of a fair and competitive gas transportation market
It is also expected to be a step forward in ensuring fair and accurate determination of transportation tariffs
PNGRB has amended the Affiliate Code of Conduct Regulations, 2008