The Petroleum and Natural Gas Regulatory Board (PNGRB) may grant another extension to about 185 city gas distribution (CGD) projects. The decision comes in view of surge in cases by the second wave of Covid-19.
It is expected that this will help city gas licensees avoid penalties for missing work programme targets and avail extended exclusivity period. The progress of many CGD projects has been hampered as most states have imposed lockdown to stem the spread of the virus. The mobility of men and material has thereby been restricted.
In November 2020, PNGRB approved force majeure and permitted an extension of 129 days to 251 days, including 69 days of nationwide lockdown, varying periods of local lockdowns by states and district authorities, and 60 days for restoration. PNGRB will take a final call on extension of duration after examining licensees’ pleas and the roll-back of lockdown in each state.