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Cleaning up E&P regulations-III: North East incentives
Aug 24: A slew of new incentives has been proposed to push E&P work in the North East for pre-NELP and NELP contracts.
These include:
8Extending the exploration period by a certain time
8Marketing freedom for gas provided an Arms Length Price can be established
8Fall back provisions needed if the Arms Length Price is lower than the government notified price
8Changes in government take if pricing freedom is granted
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