The Petroleum Ministry on Friday said it has notified the rules on eligibility conditions for registration of liquefied natural gas terminals (LNG).
This is done with the objective of promoting the setting up of LNG Terminals in an environment of equitable access and commercial transparency to foster higher availability of imported gas in the country, the Ministry said in a statement.
The salient eligibility conditions for registration of LNG Terminal include offer at all times 20 per cent of its short-term uncommitted re-gasification capacity or 0.5 MMTPA as common carrier capacity.
Second, technical standards and specifications including safety standards in activities relating to petroleum, petroleum products and natural gas must be adhered to. And third, a bank guarantee for an amount equal to one per cent of the estimated project cost of the liquefied natural gas terminal or Rs 25 crore, whichever is less must be furnished.