An investment of about Rs 50,000 crore is expected in setting up of CNG stations and pipelines to take cooking gas to households in 50 towns and cities that were bid out for city gas licence in the 10th round, oil regulator PNGRB said.
Petroleum and Natural Gas Regulatory Board (PNGRB) additional adviser Arvind Kumar said that citizens of Vizag can avail the piped natural gas connection in another eight months.
DK Sarraf, chairperson of India’s downstream oil and gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB), spoke to CNBC-TV18 about the growth of oil and gas sector in the year and his expectations from 2019.
Close on the heels of awarding 86 geographical areas (GAs) under the 9th round of city gas distribution (CGD) licensing, the Petroleum and Natural Gas Regulatory Board (PNGRB) on Thursday launched the 10th round offering 50 GAs.
Oil regulator PNGRB Thursday put up for bidding 50 cities including Gwalior in Madhya Pradesh, Mysore in Karnataka, Ajmer in Rajasthan and Howrah in West Bengal for grant of licence to retail CNG and piped natural gas.
The Petroleum and Natural Gas Regulatory Board (PNGRB) on Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani’s group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winners.
The Petroleum and Natural Gas Regulatory Board (PNGRB) on Friday announced the winners of 30 more geographical areas (GAs) put up for auction in the ninth bid round for the development of City Gas Distribution (CGD) networks.
Petroleum and natural gas regulatory board (PNGRB) awarded the city gas projects in Kasaragod, Kannur and Mahe to IOC-Adani Gas Pvt Ltd (IOAGPL) on Friday. Also, PNGRB is expected to officially sanction projects in Wayanad, Kozhikode, Malappuram, Palakkad and Thrissur over the next couple of days.
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.