Page 2 - City Gas Distribution

Amended PNGRB Act to give legal teeth to petroleum sector regulators

CGDs say they can't hand over access capacity to new entities without more details from govt

Gujarat Gas stock flies 14% on merger, demerger plan; brokerages upbeat

Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.

IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside

Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.

City-gas distribution entities lag on minimum work programme: PNGRB

Authorised CGDs have provided half of their targeted PNG connections to households

Competition status quo to stay amid PNGRB notice: Industry experts

Petroleum and Natural Gas Regulatory Board (PNGRB) in a public notice said the infrastructure exclusivity granted to geographical areas in Mumbai and Greater Mumbai have expired

Attractive valuations of city gas distributors after recent price fall

Domestic gas consumption in CGD declined to 26.5 mmscmd in January

AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger

The I-Squared Capital-backed city gas distribution companies received approval for the merger from the European Commission in February and aims to enhance efficiency and up market competitiveness

AG&P Pratham targets 53,000 new PNG connections in the next 2 months

To boost PNG adoption, AG&P Pratham has launched exclusive schemes and benefits for its new users under this drive, offering Free Gas for one month, Zero Security Deposit

CRISIL analysis: Oil, gas use to see 10-15% rise in FY24 amid sector growth

The trends indicate a positive trajectory across various segments of natural gas consumption

Gas firms seek price deregulation as city distribution targets fall behind

Regulator warns them of losing bank guarantees as investors show little interest in gas economy

City gas distributors under pressure; IGL, MGL stocks tank up to 10%

The Delhi government has submitted a policy on electric vehicle (EV) adoption by cab aggregators, delivery service providers and E-comm entities for final approval by the Lieutenant Governor

Govt launches 12th round of bidding for city gas distribution in NE states

Natural gas is used for cooking by households as piped natural gas (PNG), and as an auto fuel as compressed natural gas (CNG)

City gas distributors optimistic about long-term growth prospects

The government is looking to push up the share of natural gas to around 15 per cent in the energy mix from the current 6 per cent

City gas distributors likely to see limited upside in the near-term

Some analysts believe the new APM formula provides only short-term respite and demand may not revive very much

Gas sector confident of smooth transition as it awaits new pricing rules

Officials said existing APM gas prices have been left broadly unchanged till Sept 31 as a temporary arrangement

City gas distribution shares trade weak: MGL, IGL fall up to 6%

The government kept domestic gas prices unchanged at $8.6/mmBtu on a provisional basis from April 2023 to September 2023

Mahanagar Gas surges 7% to hit 52-week high on acquisition of Unison Enviro

This acquisition will enable MGL to expand to newer geographical areas in Maharashtra (Ratnagiri, Latur & Osmanabad) and Karnataka (Chitradurga & Davanagere), thereby, providing new avenues.

Supply uncertainty, EV push bring challenges to city gas distributors

Apart from hardships for domestic consumers using it for cooking, the rise in CGD prices indirectly has an impact on the government's goal of achieving 15% share of natural gas in the energy basket

Proposed gas price revision to bring short-term relief to CGDs: Analysts

The proposed domestic gas pricing formula by Kirit Parikh panel will likely provide headroom to CGDs to reduce prices and improve margins, but this may hurt producers like ONGC, Oil India, experts say

AG&P Pratham signs MoU with Karnataka govt to develop city gas distribution

/ -- AG&P Pratham, a leading player in the Indian City Gas Distribution (CGD) industry and the Government of Karnataka signed a Memorandum of Understanding (MoU) for the development of City Gas Distribution (CGD) networks to supply reliable, economical, and environment-friendly natural gas across fifteen districts of Karnataka. The MoU was signed during the Global Investors Meet 2022 being held in Bangalore from 2nd to 4th November 2022. Under the MoU, AG&P Pratham will invest INR 8,000 crores over the next eight years to build CGD networks in districts of Kolar, Mysuru, Mandya, Chamrajnagar, Hassan, Chikkamagaluru, Kodagu, Bagalkot, Koppal, Raichur, Kalaburagi, Vijayapura, Shivamogga, Uttara Kannada and Haveri. The area being developed by AG&P accounts for more than 55% of the state's geographical area and 42% of its population. Over the next 8 years, AG&P plans to build ~ 1000 km of steel pipelines, and ~5000 km of MDPE pipelines to bring natural gas to 5 million ...