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Three-fold increase in Natural Gas consumption by 2030, claims India’s Minister

In a significant stride towards achieving 100% coverage of country’s area for the development of City Gas Distribution (CGD) network, the Petroleum and Natural Gas Regulatory Board (PNGR hosted a Concluding Ceremony for the 12th CGD Bidding Round here today. The event was inaugurated by Shri Hardeep Singh Puri, Minister for Petroleum and Natural Gas & Housing and Urban Affairs, in the presence of Shri Tarun Kapoor, Adviser to Prime Minister, Dr Anil Kumar Jain, Chairperson, PNGRB, Board Members and Secretary of PNGRB. There was a large presence of key stakeholders from the oil and gas sector of the country and the successful bidders of 12th CGD Bidding Round.

During the event, Shri Hardeep Singh Puri distributed the Letter of Intent to successful bidders of 12th CGD Bidding Round for their respective Geographical Areas. The Minister acknowledged the efforts of MoPNG, PNGRB and the successful bidders towards building a robust oil and gas infrastructure. Minister highlighted that the Government has set an objective to invest $67 Billion in the natural gas sector in the next six years in order to provide Natural Gas to the end consumer at stable price. He further stated that in the recent years, support has been provided through policy and Regulatory framework for promotion of Natural Gas in the country.

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