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Assam Gas Company Ltd (AGCL), Oil India Limited (OIL) and GAIL Gas Ltd inked an agreement to setup a joint venture. The JV will work towards the execution of the City Gas Distribution (CGD) Networks, apart from supplying Piped Natural Gas (PNG) and CNG. While the PNG will be supplied to the domestic, commercial and industrial customers, CNG will be provided to the vehicles in different districts of Assam.
India’s biggest city gas retailer, Indraprastha gas Limited (IGL) is planning to set-up over 60 CNG stations across the country. IGL MD said that the firm has adopted a dealer-franchise model to rapidly expand the network. IGL currently runs 452 CNG stations in different cities of India. The government is insistent on increasing the stakes of natural gas in the country's energy basket to 15%.
Kerala GAIL Gas Ltd (KGGL), JV of GAIL and KSIDC was formed with an idea to bring more contracts for the development of city gas project in the state and to improve the delivery of CNG and PNG. Failing to do so, the state government is now of the view to wind up KGGL. IOAGPL bagged the maximum contracts in the CGD auction announced so far.
The 9th City Gas Distribution results for 48 out of 86 cities have been declared, with Adani Gas winning big. The Gautam Adani-led group won rights to market CNG in 11 cities of India, wherein licenses for six cities are its own while the rest are in JV with IOCL. Bharat Gas Resources Ltd and Torrent Gas Pvt Ltd each won licenses for six cities. The bidding round was regulated by PNGRB.
India’s 9th City Gas Distribution (CGD) bidding round is scheduled for closure today evening. 86 permits for retailing CNG and piped cooking gas in 22 states and union territories have been offered in this round. Major oil and gas companies like Indraprastha Gas Ltd, India Gas Solutions Pvt Ltd (RIL-BP JV), IGL and Essel Infraprojects Ltd are bidding for the licenses, auctioned by PNGRB.