ICICI Direct: Medium Term Growth Outlook For City Gas Distributors Intact
Gas pipelines of Gujarat State Petronet Ltd. (Source: Company website)

ICICI Direct: Medium Term Growth Outlook For City Gas Distributors Intact

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Petroleum and Natural Gas Regulatory Board has notified finalised regulations for city gas distribution networks regarding common carrier.

Key highlights include:

  1. open access will be implemented in geographical areas where marketing exclusivity has ended;
  2. capacity in open access shall be at least 20% of capacity of the CGD network and compression capacity or the maximum quantity of gas that has flowed in the CGD network or through compressors even for a period of one day in the past, whichever is higher;
  3. CNG or liquid to compressed natural gas stations run by dealers and franchises of authorised entities shall not be considered as third party shipper for the purpose of allowing access.

Click on the attachment to read the full report:

ICICI Direct Oil&Gas Sector Update.pdf

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