Petroleum and Natural Gas Regulatory Board holds investors’ meet in Jammu and Kashmir

Why in news:

• The Petroleum and Natural Gas Regulatory Board (PNGRB) recently organised an investors’ meet in Jammu
• The meet is mainly oriented towards promoting the 11th City Gas Distribution bidding round.

Key Points:

• The Petroleum and Natural Gas Regulatory Board (PNGRB) is the nodal agency for facilitating economic activities in natural gas distribution.
• One of its major objectives is to promote competitive markets, create infrastructure and increase the share of natural gas in the country’s energy mix.
• Earlier, the PNGRB has successfully concluded the 9th and 10th City Gas Distribution bidding rounds for the selection of authorised entities for the development of promoting the CGD networks in their geographical areas (GAs).
• Ranjan Prakash Thakur, principal secretary, Industries and Commerce, was the chief guest for the event.
• In the 11th City Gas Distribution (CGD) bidding round, 1 GA covering five districts from Jammu & Kashmir namely, Jammu, Udhampur, Samba, Reasi and Kathua is being offered by the PNGRB.
• After the authorisations under the 11th round, 27% of the population of Jammu & Kashmir would be covered under the CGD network.
• This is a huge initiative towards providing clean energy to the consumers in Jammu & Kashmir.
• In the presentation on the 11th CGD bidding round, PNGRB highlighted the opportunities in the CGD sector in Jammu & Kashmir and India, upcoming gas infrastructure in Jammu & Kashmir and India along with key policy enablers that will provide a boost to the domestic gas market.