Govt to raise share of natural gas in energy mix to 15% by 2030
11 Feb 2022
2 Min Read
CW Team
The Minister of State for Petroleum and Natural Gas (MoPNG), Rameswar Teli, announced that the government had set a target to raise the share of natural gas in the energy mix to 15% by 2030.
Currently, in India, the share of natural gas in the primary energy mix has increased from 6.3% to 6.7% from 2020 to 2021.
According to the Petroleum and Natural Gas Regulatory Board (PNGRB) Act 2006 and Regulation, PNGRB has approved authorisation to the entities for the development of City Gas Distribution (CGD) network in Geographical Areas (GAs).
Establishing CNG stations and providing PNG connections is a crucial part of the CGD network. The authorised CGD entities have done the same in their GAs according to the Minimum Work Plan (MWP). PNGRB also authorises the entities for laying pipeline infrastructure for developing the CGD network.
The investment for developing the CGD network and natural gas pipeline infrastructure will be carried by the authorised private and public entities, keeping in mind the techno commercial requirements.
This year, the authorised entities have invested around Rs 14,556 crore. PNGRB has received bids for 61 GAs in the 11th round of bidding, which entails an investment of over Rs 80,000 crore.
As part of the initiative to make natural gas available to more consumers, the government has approved a partial capital grant of Rs 5,176 crore for the Jagdishpur-Haldia-Bokaro-Dhamra Pipeline (JHBDPL) project and Rs 5,559 crore for the North-East Gas Grid project. Till now, the JHBDPL project has utilised Rs 4,549.204 crore, and North East Gas Grid Rs 1,030 crore.
Also read: ATGL to pump in Rs 20,000 cr in city gas infra in next 8 years
The Minister of State for Petroleum and Natural Gas (MoPNG), Rameswar Teli, announced that the government had set a target to raise the share of natural gas in the energy mix to 15% by 2030.
Currently, in India, the share of natural gas in the primary energy mix has increased from 6.3% to 6.7% from 2020 to 2021.
According to the Petroleum and Natural Gas Regulatory Board (PNGRB) Act 2006 and Regulation, PNGRB has approved authorisation to the entities for the development of City Gas Distribution (CGD) network in Geographical Areas (GAs).
Establishing CNG stations and providing PNG connections is a crucial part of the CGD network. The authorised CGD entities have done the same in their GAs according to the Minimum Work Plan (MWP). PNGRB also authorises the entities for laying pipeline infrastructure for developing the CGD network.
The investment for developing the CGD network and natural gas pipeline infrastructure will be carried by the authorised private and public entities, keeping in mind the techno commercial requirements.
This year, the authorised entities have invested around Rs 14,556 crore. PNGRB has received bids for 61 GAs in the 11th round of bidding, which entails an investment of over Rs 80,000 crore.
As part of the initiative to make natural gas available to more consumers, the government has approved a partial capital grant of Rs 5,176 crore for the Jagdishpur-Haldia-Bokaro-Dhamra Pipeline (JHBDPL) project and Rs 5,559 crore for the North-East Gas Grid project. Till now, the JHBDPL project has utilised Rs 4,549.204 crore, and North East Gas Grid Rs 1,030 crore.
Image Source
Also read: ATGL to pump in Rs 20,000 cr in city gas infra in next 8 years
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..