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ERC pricing, regulation sought for 3rd party-procured LNG

Published January 13, 2021, 7:00 AM
A price-setting and regulation of liquefied natural gas (LNG) procured through third party access (TPA) shall be subject to a regulation of the Energy Regulatory Commission (ERC), which shall also be crafting the warranted TPA Code for the industry.
That has been one of the key recommendations advanced by the Department of Energy (DOE) on the continued public hearing of the Senate Committee on Energy on the proposed Gas Bill, which will serve as the policy guide for investments in LNG facilities in the country.
Photo credit: from DOE
DOE Director Rino Abad, in particular, told the legislative body that the ‘commercial aspect’ of the TPA operations shall be delegated to the regulatory ambit of the ERC; while the energy department will take care of the policies on facility developments, standards-setting for safe operations of LNG terminals; and ensuring gas supply. ....

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