Gas market reforms: Experts flag price sensitivity, weak pipeline network

The latest set of measures by the Petroleum and Natural Gas Regulatory Board (PNGRB) to liberalise the natural gas market may be a step in the right direction but its growth will hinge on cost competitiveness and an adequate pipeline network, experts believe.

A high-level expert committee set up by the PNGRB has proposed structural reforms to build a free and competitive domestic gas market, including market-driven pricing and open access.