Share “Oklahoma regulators forge bond with...”

Oklahoma regulators forge bond with counterparts in India

Oil and natural gas regulators in Oklahoma and India have agreed to share information and technical assistance for the next three years.
BY JAY F. MARKS Modified: October 30, 2013 at 10:00 pm •  Published: October 29, 2013

The Oklahoma Corporation Commission on Tuesday cemented its relationship with its counterparts in India.

The agencies signed a memorandum of understanding outlining their plans to exchange information about best regulatory practices for the next three years.

Oklahoma regulators have worked with India's Petroleum and Natural Gas Regulatory Board since the National Association of Regulatory Utility Commissioners paired them in 2008 as part of a program organized by the U.S. Trade and Development Agency.

The groups have visited each other in the intervening years. Tuesday's agreement means that relationship will last another three years.

The regulatory board from India hopes to capitalize on Oklahoma's 100-plus years of experience overseeing oil and natural gas production, Chairman S. Krishnan said.

Krishnan said he wants insight on issues regulators will face in India, even though petroleum producers face different challenges and opportunities there.

He hopes he and his colleagues can offer insight that benefits Oklahoma regulators as well.

Oklahoma Corporation Commissioner Bob Anthony said he believes the arrangement can be beneficial to both parties.

He said India already offers a great success story for natural gas, pointing to a court mandate for the use of natural gas in public transportation because of pollution concerns.

Continue reading this story on the...