Pngrb

Natural gas regulator PNGRB has said that the company seems to have made profit at the cost of gas consumers, and is seeking a framework to bring the regassification activities under its purview.

Exclusive| PNGRB seeks plan from IGX to deal with possible default by parties in its long-term contracts

The regulator has flagged concerns over how the gas exchange plans to mitigate the risk relating to defaults either by the seller or the buyer. IGX told Moneycontrol it is working towards improving its proposal for the markets.

Mahanagar Gas expects to spend Rs 950 crore in FY25: MD Ashu Shinghal

The company reported a consolidated net profit of Rs 317.18 crore for the December 2023 quarter, up 84 percent from a year earlier on lower costs.

IGX expects PNGRB approval for longer gas contracts by early May: CEO Rajesh Mediratta

Mediratta said volumes of the exchange are expected to increase by 30 percent after the exchange launches the sought contracts.

MC Interview: Indraprastha Gas doesn't see room for further price cut unless APM gas allocation increases, says MD

Managing Director Kamal Kishore Chatiwal said IGL has kept prices lower than other players, adding that the company has plans for expansion and would require an influx of capex for it

Oil and gas regulator talks to states on lowering cost of laying pipelines

PNGRB Member Gajendra Singh said building infrastructure for gas should not solely be considered as a source of income by state governments, but also as an opportunity for creating a facility for people.

Exclusive: PNGRB advocating reasonable returns for CGD cos, concerned over extra profits

Member Gajendra Singh said PNGRB has now started working on collecting data for CGD companies' distribution charges to examine prices charged by them.

BPCL, HPCL, Oil India bag license for building gas infra in J&K, Northeast

Minister of Petroleum and Natural Gas Hardeep Singh Puri said investment for the 12th CGD bidding round is expected to be Rs 41,000 crores, generating considerable employment opportunities.

Govt launches 12th CGD bidding round offering areas in North-East, Union Territories

In the 12th CGD bidding round, the government has offered seven geographical areas (GAs) spread over five states and two union territories, covering 92 districts. The five states include Arunachal Pradesh, Meghalaya, Manipur, Nagaland and Sikkim.

Govt appoints Anil Kumar Jain as new PNGRB chairman

The Appointments Committee of the Cabinet (ACC) approved the appointment of Jain, who retired as coal secretary in October last year, as the new chairman of the Petroleum & Natural Gas Regulatory Board (PNGRB).

PNGRB approves unified tariff for natural gas pipeline

Petroleum and Natural Gas Regulatory Board approved levelised unified tariff for natural gas pipeline of Rs 73.93 per metric million British thermal unit (MMBtu).

GAIL earnings estimates increased by analysts after pipeline tariff hike

The company’s integrated natural gas pipeline tariff will increase 45 percent from April 1.

Govt amends natural gas norms to boost competitive, affordable rates in far-flung areas

The integrated natural gas pipeline tariff will be a precursor to the unified tariff at the national level which will come into effect from April 1, the regulator said.

Adani Total Gas to invest Rs 20,000 crore in CGD sector in next eight years

The company said it had an existing commitment to invest Rs 8,000 crore, to which another Rs 12,000 crore would be added to develop the 14 new geographical areas (GAs) it bagged recently in the 11th round of bidding by the Petroleum and Natural Gas Regulatory Board (PNGRB).

BPCL gains 2% after winning bid for city gas distribution networks

The city gas distribution footprint of BPCL, along with its joint ventures, will now extend to 48 geographical areas covering 94 districts in 18 states.

Is the city gas distribution sector staring at a de-rating?

The ambitious goal of a 15 per cent share in the energy mix by 2030 requires competition in the CGD space and a further decrease in prices for end-consumers.

Next round of city gas bidding to cover over 300 districts: Satpal Garg, member of PNGRB

Regulator mulling introduction of substitution rights to lenders within the first five years. It enables them to replace the concessionaire with a different entity, subject to the approval of the concessioning authority

Exclusive | After universal LPG penetration, India plans to cover 100% population under city gas network

PNGRB to soon initiate the eleventh round of CGD bidding that may see an estimated investment of Rs 1.2 lakh crore, covering over 300 districts

IGL, MGL — Gas distribution companies on a recovery track

Low LNG price, demand-supply dynamics and regulatory push all augur well for Indraprastha Gas (IGL) and Mahanagar Gas (MGL)

Gas sector gets a much-needed fillip

Till date, only 11 percent of the country, which accounts for 19 percent of the population, is covered by gas infrastructure

PNGRB says lacks powers to regulate setting up of LNG pumps

So far only entities permitted or licensed by the government or by PNGRB can retail CNG to automobiles and piped cooking gas to household kitchens in authorised geographical areas.

IGL gets city gas licence for Hapur

The government had in June 2010 given IGL a city gas distribution licence for UP's Ghaziabad district.

Oil regulator hikes tariff of pipeline transporting Reliance Industries gas by 37%, half of sought

The tariff approved is almost half of the tariff sought by East West Pipeline Ltd - the operator of the pipeline.

Rs 50,000 crore investment in city gas projects in 10th CGD round: PNGRB

Bidding for the 10th round of City Gas Distribution (CGD) licences closed on February 5.