The prospects of the city gas distribution (CGD) segment have improved in the past couple of years. The network has continued to grow and fresh licences have been issued at a much faster pace than had been the case earlier. Gas availability has increased due to priority being given to the compressed natural gas (CNG) and piped natural gas (PNG) segments. Several amendments have been made to the bidding criteria to address most of the concerns of the sector. The recently announced ninth CGD bidding round received a good response from both domestic and global players. In November 2018, the Petroleum and Natural Gas Regulatory Board (PNGRB) also launched the tenth round of CGD bidding.Read More