ICICI Direct: Medium Term Growth Outlook For City Gas Distributors Intact
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ICICI Direct Report
Petroleum and Natural Gas Regulatory Board has notified finalised regulations for city gas distribution networks regarding common carrier.
Key highlights include:
- open access will be implemented in geographical areas where marketing exclusivity has ended;
- 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;
- 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.
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