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REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-20092025-266264
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 638]
NEW DELHI, WEDNESDAY, SEPTEMBER 17, 2025/BHADRA 26, 1947
PETROLEUM AND NATURAL GAS REGULATORY BOARD
NOTIFICATION
New Delhi, the 15th September 2025
F. No. PNGRB/Comm/7Misc (5)/2025 (E-5734)/03.—In exercise of the powers conferred by section 61 of
the Petroleum and Natural Gas Regulatory Act, 2006 (19 of 2006), the Petroleum and Natural Gas Regulatory Board
hereby makes the following regulations, namely: -
1. Short title and commencement.
(1) These regulations may be called the Petroleum and Natural Gas Regulatory Board (Authorizing Entities
to Lay, Build, Operate or Expand Petroleum and Petroleum Products Pipelines) amendment Regulations,
2025.
(2) These shall come into force on the date of their publication in the Official Gazette.
2. In the Petroleum and Natural Gas Regulatory Board (Authorizing Entities to Lay, Build, Operate or Expand
Petroleum and Petroleum Products Pipelines) Regulations, 2010., -
(a) In regulation 2, clause (1), sub clause (s), defining, "Performance Bond" shall be inserted, after sub
clause(r): -"The Performance Bond, as the case may be, shall include Demand Draft or Pay Order or Bank
Guarantee from any scheduled Bank of India or Insurance Surety Bond from Insurance Companies,
licensed / notified by Insurance Regulatory and Development Authority of India (IRDAI) for the amount
as specified in the regulation".
(b) In regulation 8, clause (1) after the word “Explanation”, the following words shall be inserted: -
"The performance Bond by way of Insurance Surety Bonds will be accepted to the extent of maximum
upto 50% of the amount as specified in the regulation and balance 50% will be accepted by way of any of
other instruments as mentioned in the definition of Performance Bond at Regulation 2(1)(s)". However,
Entity is free to provide the performance security by way of Bank Guarantee/DD/Pay Order to the extent of
100% of the value as stipulated in the respective regulation.
(c) In regulation 17, clause 3, sub clause (b), the word "or bank guarantee" shall be deleted.
(d) In regulation 17, clause (3), after sub clause (b) the following proviso shall be inserted: -
"Provided that in case of encashment of performance Bond, firstly Bank Guarantee will be encashed
followed by Insurance Surety Bond and other instruments, as the case may be."
ANJAN KUMAR MISHRA, Secretary
[Adv-III/4/Exty./371/25-26]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
GORAKHA NATH Digitally signed by GORAKHA
YADAVA Date: 2025.09.20 11:11:20+05'30'