WEBINAR ON MAY 21, 2020
CGD Sector seeks relief from MoPNG, PNGRB to help revival after the adverse COVID19 impact
The city Gas Companies have represented to the Ministry of Petroleum and Natural Gas and the PNGRB about the severe impact on the city gas sector owing to the lockdown following the COVID19 pandemic and have sought help in swift revival of activities through procedural and financial interventions.
In letters addressed separately to both the MoPNG and the PNGRB for assistance in their respective domains, by NGS, the sector has sought, among other things.
To defer minimum work program by at least 24 months for the 9th and 10th round of CGD activity.
Consider allocation of APM and NAPM gas for H1 of 2020-21, and H2 of 2020-21 if possible, based on quantities reported to PPAC for the period of October 2019 to February 2020.
To direct gas suppliers and transporters to bill CGD entities only for the quantities they consumed at normal prices / rates without any additional charges like excess gas, take-or-pay, imbalance etc. till normal consumption resumes, i.e. officially declaring Covid-19 as a force majeure.
Relaxation/ rationalization in the Performance Bank Guarantee norms by the PNGRB as a special case.
Exemption of the CGD sector from Excise Duty (14%) and a deferment of Statutory Tax compliance at least till September-December, 2020.
To host the CGD Policy on the PNGRB web page.
Assist the industry by taking up with PESO for swift clearance.
Assistance with State, local authorities in swift grant of approvals and clearances.
CGD Sector seeks relief from MoPNG, PNGRB to help revival after the adverse COVID19 impact The city Gas Companies have represented to the Ministry of Petroleum and Natural Gas and the PNGRB about the severe impact on the city gas sector owing to the lockdown following the COVID19 pandemic and have sought help in swift revival of activities through procedural and financial interventions.
