City Gas Distribution now complements the massive utilities delivery networking infrastructure sweeping across India
The scale of the PNG and CNG network will make India a key destination for all major global suppliers of compressors, dispensers, meters and technology solutions
CNG may turn out to be the key to India's automobile future and the dream of increasing the share of natural gas
The rules will be ready in three months, and implementation would take another three months as the regulator will first seek feedback from companies and the public
Lower LNG prices, strong demand and geographical expansion to drive prospects for these gas companies
In the current gas allocation policy regime, city gas has the priority in the allocation of cheap domestic gas, followed by the fertiliser sector
The major players that won new areas include Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), Gujarat Gas, Atlantic, Gulf & Pacific Company (AG&P) and Gail Gas
Volume growth being driven by higher demand and an expanding network
The investment will come in areas allotted during the ninth round of auctions and 50 areas that will be allotted under the 10th round of bidding
These three companies have emerged as the successful bidders in the ninth round of bidding for implementing the project in the state
The CGD business model is currently based on the supply of cheap domestic gas, which is both inherently flawed and unsustainable
Oil regulator PNGRB said a total of 4,346 CNG stations have been committed to be set up in the 84 Geographical Areas (GAs) in eight years
While Adani Gas got 11 areas through joint ventures and six single bids, IOC was successful in grabbing nine geographical areas
Latest round to bring investment of about Rs 700 billion
On offer are 86 geographical areas in 174 districts covering 29 per cent of the population, compared with a cumulative 56 geographical areas awarded in the previous eight rounds in the past 10 years
All public sector undertakings are likely to put in bids in this round
CGD volume growth has been aided by focus of the Delhi government on strengthening public transport