The Petroleum and Natural Gas Regulatory Board has announced a temporary suspension of imbalance charges for entities, shippers, and consumers, citing the ongoing geopolitical crisis in the Gulf region. In a statement, the Board said that this decision has been taken in light of the uncertainties and disruptions affecting energy supplies, logistics, and market conditions. The Board stated that the waiver will remain in effect until June 30th of this year. It noted that this measure is aimed at addressing the extraordinary challenges arising from the current situation in Gulf countries, which has negatively impacted supply conditions and operational balancing in the gas sector. The Board also stated that during this period, no imbalance charges will be levied on concerned entities or shippers for gas scheduling, off-take, transportation, or balancing. However, the Board added that all concerned entities will be required to comply with other applicable terms, regulations, and operational requirements.