PNGRB likely to extend deadline by at least 3 months for city gas players

With the completion of the tenth round, the CGD network will be available in 228 GAs, comprising 402 districts spread over 27 states and Union Territories

In a move that may help at least 41 companies, which were part of the ninth and  tenth rounds of city gas distribution (CGD) bids, the Petroleum and Natural Gas Regulatory Board (PNGRB) is likely to extend the deadline for completing the committed works by at least three months. This comes after several companies had approached the downstream regulator to invoke the force majeure clause.

A total of 136 geographical areas (GAs) were on offer in the ninth and tenth rounds of CGD bids. Companies had committed around 42.3 million piped natural gas connections, 8,181 compressed natural gas stations and 174,000