{"id":28312,"date":"2018-10-24T11:48:53","date_gmt":"2018-10-24T06:18:53","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28312"},"modified":"2018-10-24T11:48:53","modified_gmt":"2018-10-24T06:18:53","slug":"cabinet-relaxes-nelp-pre-nelp-pact-rules","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/cabinet-relaxes-nelp-pre-nelp-pact-rules\/","title":{"rendered":"Cabinet relaxes NELP, pre-NELP pact rules"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/business\/Industry\/cabinet-relaxes-nelp-pre-nelp-pact-rules\/article24454109.ece\">Cabinet relaxes NELP, pre-NELP pact rules<\/a><\/p>\n<p><strong><u>News:<\/u><\/strong><\/p>\n<ol>\n<li>The Union Cabinet recently, approved the policy framework to streamline production sharing contracts signed in the pre-New Exploration Licensing Policy (NELP) and NELP periods.<\/li>\n<\/ol>\n<p><strong><u>Important facts:<\/u><\/strong><\/p>\n<p>2. Key decisions under the framework includes:<\/p>\n<ul>\n<li>Increasing the exploration period granted for blocks in the northeast.<\/li>\n<li>Easing the sharing of royalties with the developers of the blocks.<\/li>\n<li>Based on recommendations in \u2018Hydrocarbon Vision 2030 for North East, the government has extended timelines by two years for exploration and one year for appraisal period.<\/li>\n<li>This was done while considering geographical, environmental and logistical challenges of the north eastern region.<\/li>\n<li>The government has also allowed marketing, including pricing freedom for natural gas to be produced from discoveries which are yet to commence production.<\/li>\n<li>The government has created an enabling framework for sharing of statutory levies including royalty and cess in proportion to the participating interest of the contractor in Pre-NELP Exploration Blocks.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Cabinet relaxes NELP, pre-NELP pact rules News: The Union Cabinet recently, approved the policy framework to streamline production sharing contracts signed in the pre-New Exploration Licensing Policy (NELP) and NELP periods. Important facts: 2. Key decisions under the framework includes: Increasing the exploration period granted for blocks in the northeast. Easing the sharing of royalties&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/cabinet-relaxes-nelp-pre-nelp-pact-rules\/\">Continue reading <span class=\"screen-reader-text\">Cabinet relaxes NELP, pre-NELP pact rules<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28312","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704723697},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28312"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28312\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}