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CGD sector news
India’s natural gas consumption jumps 11% in September 2023: Report
The data indicates a total consumption of 5,254 million metric standard cubic meter (mmscm) for the month of September, reinforcing India’s position as one of the fastest-growing markets for natural gas.
CGD sales volume predicted to surge by 18-20% this fiscal: Crisil ratings
The uptick is attributed to domestic gas gaining an edge in price competitiveness against other fuels. Factors influencing this trend include declining gas prices and the sustained expansion of distribution infrastructure.
Govt expands CNG retailing with bidding round in J&K, Northeast
India’s Petroleum and Natural Gas Regulatory Board (PNGRB) has offered licenses for the retailing of compressed natural gas (CNG) in seven areas, primarily in the North East and J&K. This move aims to expand the reach of natural gas in the country. The bidding round includes areas such as Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Sikkim, Jammu & Kashmir, and Ladakh.
Share of gas in India’s energy mix to reach 10.6% by 2045: OPEC
The Organization of the Petroleum Exporting Countries (OPEC) in its latest world oil outlook has projected that the share of natural gas in India’s total energy mix will reach 10.6 per cent by 2045 compared to the government’s target of 15 per cent by 2030.
Govt opens 12th city gas bid round
Petroleum and Natural Gas Regulatory Board (PNGRB) offered seven geographical areas (GAs) of Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Sikkim, Union territory (UT) of Jammu & Kashmir and Ladakh under the 12th city gas distribution (CGD) bidding round for retailing of CNG to automobiles and piping the fuel to household kitchens and industries.
Natural gas price ceiling for difficult fields down 18% for 6 months
The price of natural gas produced from difficult areas like deepsea KG-D6 block of Reliance Industries on Sunday was cut by a steep 18 per cent, in line with softening of benchmark international gas prices, an official notification said. However, the price of gas that is largely used for making CNG for fueling automobiles or piping to households kitchens for cooking purposes will remain unchanged due to a price cap that is set at 30 per cent less than market rates such as that paid to Reliance.
Mahanagar Gas sets Rs 800 crore capex for CNG, PNG infrastructure boost for FY24: MGL MD Shinghal
Mahanagar Gas Ltd (MGL) plans a capital expenditure of ₹800 crore this fiscal year, focusing on infrastructure for compressed natural gas (CNG) and piped natural gas (PNG), the firm’s Managing Director Ashu Shinghal told ET Energyworld in an interview.
Declaring city gas networks as common carriers may face litigation
The petroleum and natural gas ministry has told the sector regulator that the latter’s proposed regulation on declaring a city gas distribution (CGD) network as a common carrier may lead to litigation as it fails to address the issues raised in previous court cases on the matter.
Govt planning performance review of CGD networks, gas pipelines, petroleum product pipelines
India’s downstream Oil & Gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), is planning a thorough performance review of the country’s City Gas Distribution (CGD) networks, natural gas pipelines, and petroleum product pipelines.
Natural gas sector news
Indian Biogas Association pitches for ₹30k crore investment for compressed biogas plants
“Utilising agricultural residues for bioenergy production and soil enrichment, provides renewable energy sources while enhancing soil health,” – Indian Biogas Association Chairman Gaurav Kedia
Global oil, gas demand will sustain for decades, says Saudi Aramco top executive
Saudi Aramco, a long-standing supplier of crude oil to India, has been actively seeking investment opportunities in India’s downstream sector. Despite the failure of its $15 billion bid for a 20% stake in Reliance Industries’ oil-to-chemicals business and ongoing developments with the Ratnagiri refinery in Maharashtra, Fahad Al Dhubaib, Senior Vice President of Strategy and Market Analysis at Saudi Aramco, emphasizes India’s significance as a key market.
Adani-Total Gas betting big on LNG
ATGL, which already has a network of over 500 CNG retail outlets nationwide, plans to set up 50 LNG dispensing stations across national highways over the next couple of years.
PNGRB, World Bank team up for study on hydrogen transmission in natural gas networks
The study, part of India’s National Green Hydrogen Mission, aims to map the demand and supply of hydrogen, assess the technical compatibility of the current pipeline network, review commercial and regulatory aspects, and create a roadmap for hydrogen blending through 2040.
NTPC Green Energy signs two pacts for green hydrogen projects in Gujarat
In a statement, NTPC said the pact with GSPC is for the blending of green hydrogen in the gas networks of GSPC and green hydrogen mobility by setting up of green hydrogen fuelling stations in Gujarat.
Mahanagar Gas forms LNG JV with Baidyanath
The joint venture aims to set up six LNG stations in Maharashtra in the first phase and subsequently expand its footprint across the country, said MGL managing director Ashu Shinghal, who will also be the chairman of the new entity.
Independent panel to address grievances related to auction of domestic natural gas
“The committee shall monitor and review the performance of empanelled agencies periodically and examine complaints or grievances received from a seller or buyer of natural gas against the empanelled agency and submit their recommendation(s), if any, to the competent authority,” DGH said in a notification on its website.
GAIL signs 10-year deal with Vitol for LNG supply
GAIL has partnered with global commodity trader Vitol to purchase 1 million tonnes of liquefied natural gas (LNG) annually for ten years. The deal will start in 2026 and will augment GAIL’s large Liquefied Natural Gas portfolio. GAIL, India’s largest natural gas marketer and transporter, is engaged in multiple negotiations for long-term LNG supply
GAIL, TruAlt Bioenergy announce $72 million investment through CBG joint venture
GAIL India and truAlt Bioenergy Limited, an ethanol producer in India, have signed a term sheet for GAIL’s 49% equity participation in TruAlt’s joint venture company Leafinti Bioenergy Limited, which owns and operates India’s second compressed bio gas (CBG) plant, with TruAlt Bioenergy holding 51%.