News Oil & Gas

Independent panel to address grievances related to auction of domestic natural gas


The government has set up an ‘independent oversight committee’ to address the grievances of buyers and sellers of domestic natural gas in auctions conducted by empanelled agencies.

The five-member committee formed by the Directorate General of Hydrocarbons (DGH) would be chaired by MD Gupta.

“The committee shall monitor and review the performance of empanelled agencies periodically and examine complaints or grievances received from a seller or buyer of natural gas against the empanelled agency and submit their recommendation(s), if any, to the competent authority,” DGH said in a notification on its website.

Locally produced natural gas that can be sold at market rates subject to a government-set price cap is usually auctioned to buyers.


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