PNGRB to invite bids for East-West gas pipeline
The downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) will soon invite bids for two natural gas pipelines which include 1700 kilometre pipeline between Surat in Gujarat and Paradip in Orissa.
Apart from this PNGRB will be also inviting bids for 300-km Asansol-Kolkata pipeline, said its chairman, Mr L. Mansingh, said on Monday.
“We would be expecting the expression of interest for regional networks. As they come we go through the public consultation process, consult the State Government concerned and start the bidding process,” Mansingh was speaking on the sidelines of the conference organised by FICCI in capital..
PNGRB has already invited bids for three major pipelines – Mehsana-Bhatinda, Mallavaram-Bhopal-Bhilwara and Panipat-Jammu-Srinagar. “The award process for these pipelines is on and we expect to finalise the bids within a month,” Mr Mansingh said.
The PNGRB Chairman said the National Gas Grid will be completed in four years with an approximate investments of over US $50 billion.
The natural gas pipeline network will be more than doubled from the present 11,000 km to about 25,000 km in the next four years. Besides, this city gas distribution network is also being widened to cover some 300 geographical areas from 35 areas, he added.
Mansingh pointed out, the gas availability would improve annually at a conservative estimate of two to five per cent with the announcement of new gas discoveries in KG Basin and Mahanadi basin among others. “We have tapped only 30 per cent of the gas potential in the country,” he added.
Besides, the import of LNG will continue to increase to meet the growing demand, he added. Imported LNG accounts for about a fourth of the country’s gas requirements.
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