Petronet India happy with new product pipeline policy

Vol 6, PW 21 (18 Dec 02) News in Brief
     

By contrast there were smiles all around at Petronet-India after the new product pipeline policy became public knowledge.

"This is exactly why Petronet India was set up," reveals a source. "The government is trying to ensure that there is no duplication in the product pipeline network." Industry analysts believe the new pipeline policy will boost several of Petronet-Indias shelved projects.

"It will be easier for Petronet to get approvals for a common carrier pipeline," he adds. "Rival players will prefer to trust a neutral player like Petronet-India rather than each other." Under the new policy companies wishing to lay pipelines other than captive pipelines must publish details to allow other companies to submit objections, suggestions or reserve capacity in advance.