Cabinet Approves Reforms In Natural Gas Marketing

New Delhi: Bringing in reforms in natural gas marketing, the Union Cabinet on Wednesday approved a standardised bidding process for gas prices.

Briefing the media after the meeting, Union Petroleum Minister Dharmendra Pradhan said that the Directorate General of Hydrocarbons (DGH) will suggest an e-bidding platform for users.

#Cabinet ने एक मानकीकृत ई बिडिंग प्रक्रिया को मंजूरी दी है, हाइड्रोकार्बन महानिदेशालय उत्पादकों के सामने ई बोली प्लेटफार्मों का एक पैनल सुझाएगा। दिशानिर्देशों बनाई जाएगी साथ ही पारदर्शिता के सभी प्रावधानों को शामिल किया जाएगा: केंद्रीय मंत्री @dpradhanbjp#CabinetDecisionspic.twitter.com/G6K8NLXPu4

— पीआईबी हिंदी (@PIBHindi) October 7, 2020

He noted that producers will have a choice to opt for a platform and transparent and open bidding process to be conducted for price discovery.

Further, post the latest decision, the producing company cannot participate in the bidding process, while affiliate companies can participate in the bidding process.

(IANS)

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