Oil & Gas – Sector Update – Gas Vision 2040: Roadshow with Mr. D.K. Sarraf
Published on 08 Dec 2025
We hosted Mr. D K Sarraf, Chairman of the High-Level Expert Committee, Gas Vision 2040 (ex-Chairman of PNGRB and ex-CMD of ONGC) for a roadshow in Mumbai and gained further insights in India’s gas sector focusing on structural bottlenecks, regulatory gaps and areas of reforms needed to unlock India’s gas potential. Among the list of recommendations, Mr. Sarraf emphasized more on moving towards a free gas market by removing resale and destination restrictions in RLNG contracts, creating transparent 3rd party access to LNG terminals, ensuring coordinated development of pipelines along with connecting LNG terminals to the gas grid, establishing an ISO (Independent System Operator) to guarantee unbiased access to infrastructure, introducing a PNGRB-supervised online capacity-booking platform, real-time National Electronic Bulletin Board to display all pipelines/terminal related data, transitioning to an entry–exit tariff system, and improving liquidity & participation on gas exchanges to make gas trading easier and pricing more efficient. As per Mr. Sarraf, PNGRB has considered the report’s recommendations, and the impact of these reforms is expected to become visible over the next 1–1.5 years.
