Too many city gas distribution licences and too big licence areas on offer, along with some regulatory provisions on exclusivity of permits and bid parameters may discourage bidders in the ninth city gas licensing round currently underway, but the regulator expects a good response.
The Petroleum and Natural Gas Regulatory Board (PNGRB) expects the proposed gas trading hub to be functional by the end of the calendar year and Crisil has been appointed to assist the regulator and the government in framing rules for the exchange.
Petroleum and Natural Gas Regulatory Board (PNGRB), India’s downstream oil and gas regulator, has appointed ratings agency CRISIL as consultant to prepare regulations for the planned Natural Gas Trading Exchange.
With the Indian government aiming to set up a natural gas trading hub in the country, sector regulator the Petroleum and Natural Gas Regulatory Board (PNGRB) is seeking to appoint a consultant to help determine a regulatory mechanism for such a trading exchange.
After ‘one paisa’ bids spoilt the initial auction rounds, oil regulator PNGRB has radically changed the bidding parameters for obtaining a licence to retail CNG and piped cooking gas in cities.
Chennai-based IMC Ltd has won oil regulator PNGRB’s nod to lay a natural gas pipeline from Kakinada in Andhra Pradesh to Nellore in Tamil Nadu.
Oil regulator PNGRB has terminated GAIL India Ltds licence to build a Rs 10,000 crore natural gas pipeline from Surat in Gujarat to Paradip in Odisha, saying the state-owned firm hadnt started work on the project even after six years.
Letting companies operate both as transporter and trader could lead to restrictive trade practices in the natural gas sector, and Petroleum and Natural Gas Regulatory Board (PNGRB) plans to soon address this, its chairman has said.
After “one paisa” bids spoilt the initial auction rounds, oil regulator PNGRB has proposed to radically change the bidding parameters for obtaining a licence to retail CNG and piped cooking gas in cities.
Oil regulator PNGRB will this month offer for bidding CNG retailing licences in 100 cities on revised terms, Petroleum Minister Dharmendra Pradhan said today.