The Petroleum and Natural Gas Regulatory Board (PNGRB), government of India, will soon hold the 11th round of bidding for City Gas Distribution.

The National Oil & Gas Conclave 2020 was held by the PHD Chamber of Commerce and Industry at PHD House in New Delhi on 29 January 2020.

At the 9th round of the City Gas Distribution, 86 bidders got licenses and in the 10th round another 50 were given licenses. The country is also aiming to build a gas trading hub to help develop the domestic gas market and is working out regulations for the proposed hub.

The new Open Acreage License Policy gives the bidders an opportunity to bid all the year round and the bidders can choose an area and only then it is put up for bidding.

The government has plans to raise the share of natural gas to 15 percent in India’s fuel basket in order to make India a gas-based economy.