Consider the following statements regarding the Petroleum and Natural Gas Regulatory Board (PNGRB):

1. It was the first independent regulatory body ever set up by the Government of India.

2. It aims to protect the interests of consumers by fostering fair trade and competition in the natural gas market.

3. Appeals against the decisions of PNGRB lie with the Appellate Tribunal for Electricity.

Which of the statements given above are correct?