India Seeks Tighter Regulatory Control Over LNG Import Terminals

The Indian Petroleum and Natural Gas Regulatory Board (PNGRB) is considering increasing regulatory control over India’s LNG import terminals, which could slow investments in the sector due to the potentially tightened oversight. PNGRB has issued a draft proposal of new regulations which include certification of registration by PNGRB for each new LNG import project. Developers of terminals could face fines in case the start-up dates of their projects are delayed, Argus reports. Under the draft regulations, LNG project developers will…