ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Shortcomings in Governance of the Natural Gas Sector

There has been a consistent lack of transparency and several governance lapses in the natural gas sector which have led to various kinds of concerns in important areas such as investment levels in blocks, availability of information regarding gas finds, content and process of arriving at pricing and utilisation policy, regulatory weaknesses and emerging market concentration. The objective of this article is to look behind the media glare and highlight the governance shortcomings that need urgent attention. Interestingly, a number of these issues were highlighted about two years ago on these very pages.

We gratefully acknowledge valuable comments from E A S Sarma and Nikit Abhyankar that have helped improve this article.

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