The PNGRB (Petroleum and Natural Gas Regulatory Board) withdrew its September 2021 notice that declared the term-end of marketing exclusivity in different geographical areas.
The Regulatory pressures could, over time, lead to industry consolidation. This would be done by pushing smaller CGD players who are unable to meet their expansion targets to exit, thereby creating potential acquisition opportunities for the larger players.
Discl: Invested . May be biased. please do your own assessment before investing.