The Indian government is set to introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing many consumers to choose a new supplier, a senior regulatory official said.
In 2009, natural gas supply regulator – the Petroleum and Natural Gas Regulatory Board (PNGRB) – gave exclusive gas marketing rights, initially for five years, to companies who had established gas distribution networks in cities across the country.
It allowed them to use their pipelines exclusively for 25 years to help them recover billions of dollars they had invested.
However, now one of the three members of the PNGRB’s board said the regulator is soon moving to open up the still relatively new business to competition. Read More
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