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Govt. Sets New Provisions for Calculations of Piped Natural-Gas Sales Prices

The Ministry of Energy and Mineral Resources (“ Ministry ”) has issued Regulation No. 58 of 2017 on Sales Pricing for Natural Gas through Pipeline Trade for Downstream Oil-and-Gas Business Activities (“ Regulation 58/2017 ”), which serves as an implementation of Government Regulation No. 36 of 2004 on Downstream Oil-and-Gas Business Activities.In essence, Regulation 58/2017 sets out comprehensive provisions as well as a formula for calculations of piped natural-gas sales prices (“ Sales Prices ”) for:

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