Government withdraws emergency gas curbs imposed during Hormuz disruption as LNG supplies normalise

AI Summary

The Indian government has lifted emergency gas curbs imposed during disruptions in the Strait of Hormuz, as LNG supplies have stabilized. State-run GAIL and the Petroleum Planning and Analysis Cell coordinated to pool and redistribute gas supplies, set a pooled price for diverted gas, and manage revised allocation schedules.

The order had also required State-run GAIL, in coordination with the Petroleum Planning and Analysis Cell (PPAC), to pool and redistribute gas supplies, notify a pooled price for diverted gas, and oversee implementation of revised allocation schedules.