LOIs issued for 50 Gas under 10th CGD Bidding Round

10th CGD Bidding

LOIs issued for 50 GAs under 10th CGD Bidding Round

IOC, HPCL, AGPC Consortium lead with 9 GAs each

Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship today distributed Letters of Intent (LOI) to the 12 successful bidders of the 10th CGD Bidding Round.

Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd. and Consortium of LNG Marketing Pte. Ltd. & Atlantic Gulf & Pacific Company of Manila Inc. emerged as the leading bidders with allocation of 9 GAs each followed closely by Gujarat Gas Ltd. with 6 Gas.

After this 10th round, more than 70% of India’s Population, 52% of Area, 402 districts spread over 27 states and union territories and the states of Delhi, Gujarat, Goa, Punjab, Haryana and Union Territories of Daman & Diu, Dadra & Nagar Haveli, Chandigarh would be fully covered with CGD.

The commitments made by the winning bidders imply over 2 crore PNG connections by these entities, and 3,578 CNG stations by 2029.

The e-bidding process was initiated on 8th November, 2018, with last date for bid submission as 5th February, 2019.

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