Page 58 - Policy Economic Report - March 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

f. Off-stream closed-loop pumped storage schemes, irrespective of the quantum of capital
expenditure have been exempted from the requirement of concurrence by the CEA.

g. CEA in November, 2025, has issued revised guidelines for formulation of Detailed Project
Reports for Pumped Storage Schemes wherein it has been stipulated that Clearance of Inter-
state Aspects is not required for PSPs.

Government announced standards of Green Ammonia and Green Methanol for India to accelerate
trade of Green Hydrogen derivatives

In a significant move for the advancement of the National Green Hydrogen Mission, the Government of
India notified the Green Ammonia and Green Methanol Standards for India. The standards issued by the
Ministry of New and Renewable Energy (MNRE), outlines the emission thresholds and eligibility
conditions that must be compiled for ammonia & methanol produced to be classified as ‘Green’, i.e.,
produced using Green Hydrogen derived from renewable sources.

Green Ammonia Standard for India - Green Ammonia shall have a total non-biogenic greenhouse gas
emission, arising from Green Hydrogen production, ammonia synthesis, purification, compression, and
on-site storage, of not more than 0.38 kg CO2 equivalent per kg of ammonia (kg CO2 eq/kg NH3),
calculated as an average over the preceding 12-month period.

Green Methanol standard for India - Green Methanol shall have a total non-biogenic greenhouse gas
emission, arising from Green Hydrogen production, methanol synthesis, purification, and on-site
storage, of not more than 0.44 kg CO2 equivalent per kg of methanol (kg CO2 eq/kg CH3OH), calculated
as an average over the preceding 12-month period.

The notification further provides that carbon dioxide for Green Methanol production may be sourced
from biogenic sources, Direct Air Capture (DAC), or existing industrial sources. The Ministry may revise
the eligible sources of carbon dioxide from time to time, with such revisions applying prospectively
along with appropriate grandfathering provisions.

In the process of Green Ammonia & Green Methanol production, renewable energy also includes
electricity generated from renewable sources which is stored in an energy storage system or banked
with the grid in accordance with applicable regulations.

The notification specifies that a detailed methodologies for measurement, reporting, monitoring, on-site
verification, and certification of Green Ammonia & Green Methanol shall be issued separately by the
Ministry of New & Renewable Energy.

Any tender, bid process, or solicitation issued prior to the date of notifications may continue to be
governed by the terms and conditions applicable at the time of its issuance; however, the procuring
entity may, where feasible and with mutual consent of the parties, align such tender with the provisions
of notifications.

March 2026 Page | 57