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In what way Natural Gas Marketing Reforms will help in taking another significant step to move towards gas based economy? Explain.

Topic : Government Policies and Interventions for Development in various sectors and Issues arising out of their Design and Implementation.

3. In what way Natural Gas Marketing Reforms will help in taking another significant step to move towards gas based economy? Explain. (250 words)

Reference: pib.gov.in

Why the question:

CCEA approved natural Gas marketing reforms recently thus the question.

Key Demand of the question:

Explain in what way Natural Gas Marketing Reforms will help in taking another significant step to move towards gas based economy.

Directive:

Explain – Clarify the topic by giving a detailed account as to how and why it occurred, or what is the particular context. You must be defining key terms where ever appropriate, and substantiate with relevant associated facts.

Structure of the answer:

Introduction:

Briefly present the natural gas marketing reforms.

Body:

Cabinet Committee on Economic Affairs approved ‘Natural Gas Marketing Reforms’, taking another significant step to move towards gas based economy.

The policy aims to provide standard procedure for sale of natural gas in a transparent and competitive manner to discover market price by issuing guidelines for sale by contractor through e-bidding.

This will bring uniformity in the bidding process across the various contractual regimes and

Policies to avoid ambiguity and contribute towards ease of doing business.

List down the benefits of such reforms.  

Conclusion:

Conclude that such reforms will ensure sustainability of the domestic production in long run.