IGL, Petronet team up to bid for city gas networks.

Indraprastha Gas Limited and Petronet LNG will consider bidding jointly for developing city gas distribution networks. The two will bid for the new areas proposed by the Petroleum and Natural Gas Regulatory Board.

An IGL statement said they have signed a memorandum of understanding for the same.

Under the MoU, the two will also promote the usage of LNG as an alternative fuel for motor vehicles, especially heavy passenger and goods vehicles.

As part of the MoU, IGL and Petronet LNG have decided to work together for developing technology for LNG-powered vehicles and infrastructure for storage and distribution of LNG and Liquefied CNG.

The statement said, “IGL has agreed to own, design, construct, operate and maintain LNG and LCNG dispensing stations while partnering with PLL for development, procurement and promotion of LNG-powered vehicles in areas of operations. IGL will also be looking to develop CGD network in other countries where PLL is foraying for LNG.”

PLL on its part will supply and transport LNG to IGL at required dispensing locations, apart from assisting IGL in the development of LNG and LCNG distribution centres. It will also help obtain statutory approvals and pursue vehicle owners/operators to modify/design their vehicles to run on LNG and fill at IGL’s LNG Stations, the statement added.

HBL