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IGX secures Petroleum and Natural Gas Regulatory Board authorisation

IGX secures Petroleum and Natural Gas Regulatory Board authorisation

The country’s first automated delivery-based gas trading platform, India Gas Exchange (IGX) has announced securing the necessary authorisation to operate as a gas exchange as per the provisions of the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020, for a period of 25 years.

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Gas output in India to double to 211 mmscmd in 13-yrs

Gas output in India to double to 211 mmscmd in 13-yrs

By 2026-27, India's natural gas production will more than double to 211 million standard cubic metres per day on back of desired policy support and correct pricing signals, the oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has said. Domestic gas production, which was 101.1 mmscmd in 2012-13, is projected to rise to 156.7 mmscmd in 2016-17 and to 182 mmscmd in 2021-22, according to a study commissioned by PNGRB.

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PNGRB to open bids for CGD project

PNGRB to open bids for CGD project

Petroleum and Natural Gas Regulatory Board (PNGRB) would soon open the technical bids submitted by oil and gas firms for launching city gas distribution (CGD) business in key cities. After clearing the technical bids, the downstream regulator would open financial bids for the third round of auct

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GAIL studies impact of tariff order

GAIL studies impact of tariff order

GAIL India is studying the impact of the recent tariff order by the Petroleum and Natural Gas Regulatory Board (PNGRB) on its financial position. Some reports indicate that the May 10 order of PNGRB may cause Rs 500 crore loss for the company. In its order, the downstream regulator retrospectively reduced the tariff charged by GAIL for its Krishna Goda

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CGD segment in limbo

CGD segment in limbo

The government introduced the Petroleum and Natural Gas Regulatory Board to regulate and develop the City Gas Distribution business in India. However, the sector is still facing many challenges on its way,

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PNGRB to revive licensing for CGD networks

PNGRB to revive licensing for CGD networks

Petroleum and Natural Gas Regulatory Board (PNGRB) is expected to revive the licensing process for city gas distribution (CGD) system. Since 2009, there was no progress in CGD licensing on account of legal obstacles in the board's functioning.
According to media reports, the downstream oil and gas regu

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PNGRB to revive licensing for CGD networks

PNGRB to revive licensing for CGD networks

Petroleum and Natural Gas Regulatory Board (PNGRB) is expected to revive the licensing process for city gas distribution (CGD) system. Since 2009, there was no progress in CGD licensing on account of legal obstacles in the board's functioning.
According to media reports, the downstream oil and gas regu

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J&K govt mulls ordinance to begin pipeline project

J&K govt mulls ordinance to begin pipeline project

According to media reports, the Jammu and Kashmir government plans to introduce an ordinance for beginning work on the Bhatinda-Jammu-Srinagar gas pipeline project. It may be noted that the Gujarat State Petronet (GSPL), a subsidiary of Gujarat government, secured the

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