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NEW DELHI: A draft city gas policy for states suggests standardised charges and time-bound permission for fixing CGD (city gas distribution) networks, conversion of conveyance fleet to CNG, creation of green corridors for inter-city traffic and fiscal incentives for gas-driven mobility akin to electric vehicles to push natural gas as an automotive fuel.
The policy is part of the Centre’s strategy to ensure a smooth passage in states for the Narendra Modi government’s plan to help 400 districts, covering 70 per cent of the population, breathe easy by providing clean-burning CNG (compressed natural gas) and PNG (piped natural gas) services at an estimated investment of Rs 90,000 crore.
Oil minister Dharmendra Pradhan is scheduled to release the draft policy for discussion at a national workshop on CGD (city gas distribution) schemes and conclave to promote gas-driven economy organised to bring states on board.
City gas licences are auctioned by the Centre but the utilities need a slew of permissions from the state government agencies before they can start work. Availability of land and securing RoU (right of use) for laying pipelines – often leading to legal challenge – are the biggest challenge. These affect project economics and funding plans as well as expose licence holders to the possibility of regulatory penalty or cancellation.
That is why, the sources told TOI, the draft policy is expected to propose standardisation of the road restoration/permission charges and time-bound permissions for laying pipelines and setting up CNG station in accordance with local conditions.
The draft is also expected to suggest reduced taxes, waiver of registration and toll charges for gas-driven transport just as in case of electric vehicles. The policy also suggests a review of VAT rates on CNG to bring uniformity across states. It is also expected to exempt VAT and CST exemption to makers of equipment related to CNG/PNG services.
Industry players said suggestions for a single-window system for time-bound clearances, priority allotment of land and conversion of public transport fleet will be comparatively easier for states to accept and implement, especially if they are taken up with some cheap financing options. But suggestions on financial incentives will take a lot of persuasions to be accepted as they involve a reduction in VAT and forgoing revenue.
The CGD drive is part of the Centre’s bid to cut India’s carbon footprint by raising the share of gas in energy basket from 6 per cent to 15 per cent by 2023. Only 34 GAs in the country had city gas networks till 2014 when Modi became PM. Since then, his government has given out CGD licences for 174 GAS that will cover 70 per cent of the population and 53 per cent of the country’s geographical area spanning 400 districts across 27 states.
The push for natural gas has seen the number of households with PNG connections rising to 55 lakh and CNG stations to 1,838, marking a growth of 14-15 per cent in the last five years. Total PNG connections are expected to rise to over 4 crores, while the number of CNG stations are expected to swell to 10,000 by 2024 as more cities get city gas service.
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Ankit Khatkar
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Ahmedabad: At a time when India leads in pollution-linked deaths, the country’s ceramic hub at Morbi in Gujarat has emerged as a striking example of how switching to natural gas from polluting fuels in the industry can help eliminate air and environmental pollution.
The latest report by International Gas Union (IGU), headquartered in Barcelona, titled ‘Case studies in improving urban air quality - 2019’, highlights the success story of Morbi in creating a gas-based economy. This is the fourth edition of the Clean Air Report series by the IGU. Apart from Morbi, there are six other case studies, including London in UK and Bogota, Colombia.
“The city of Morbi in the Gujarat region of India achieved a dramatic reduction of air pollution and environmental contamination, thanks to switching from coal to natural gas in its ceramic industry,†the report stated.
Gujarat: Morbi coal-to-gas switch turns into a case study Morbi is a mid-sized city of Gujarat known for its contribution to the global ceramic sector, with a total of 900 ceramic manufacturing units, which contribute significantly to the region’s economy. The use of coal gasifiers in the manufacture of ceramic tiles was making ambient air quality of the area very poor causing problems to the citizens of the area and regulators of the state.
The National Green Tribunal in its order in March 2019 banned the use of gasification technology in the ceramic units of the Morbi-Wankaner area and ordered Gujarat Pollution Control Board to shut down all the coal gasifiers of this area. As a result, all-ceramic units of the area switched over to piped natural gas immediately with the supply and network already available to them.
“The switch to natural gas brought immediate results and translated into significantly improved air quality readings, with a 75 percent reduction in PM 2.5 levels, 72 percent reduction in PM 10, and an 85 percent reduction in SO2 (sulfur dioxide),†the report states. In addition to the air quality improvement, there were significant other environmental benefits, including reduced water consumption and avoidance of emissions due to reduced coal truckloads, according to the report by IUG that has over 150 members worldwide, representing approximately 95 percent of the world gas market.
The NGT decision came as a result of a recommendation made by an expert committee that found that “coal gasification is a dangerous process†that generated highly carcinogenic waste on a scale of 8,000 kg per day.
“A month after NGT’s order, gas consumption in Morbi nearly doubled, from 2 million cubic meters (MCM) a day to almost 4 MCM, and it is expected to reach 8 MCM in the near future. At the same time, coal consumption dropped by 900 MT/Day, with the associated decrease in heavy vehicle movement, and the savings of 2,250 thousand liters of fresh water per day,†the report states.
A report by the Global Alliance on Health and Pollution (GAHP) last month said that India suffered most pollution-linked deaths in the world, with 2.3 million followed by China with 1.8 million.
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Management meetings have already begun with prospective partners at various places including London, where Agarwal is based.
Talks are at an early stage and may not result in a deal, the people said, adding more suitors may emerge.
Vedanta declined to comment.
"Depending on the offers on the table, the promoters will take a final call on the quantum of stake sale, fundraise and valuations," an official directly involved in the negotiations said on condition of anonymity as the talks are still in the private domain. "Agarwal can end up raising far more to support CAPEX plans, overall deleveraging that is ongoing across the group. He needs capital."
Vedanta is keen to replicate the Reliance-BP alliance model that started with specific upstream assets in the Krishna Godavari basin but became a far deeper and comprehensive tie-up spanning fuels to include oil and gas exploration and production, city gas distribution and fuel retailing.
A sum-of-the-parts valuation of Vedanta's oil and gas division is pegged at Rs 20,000-25,000 crore ($2.85-$3.5 billion), according to analysts. Sources, however, said the company would seek a significant premium.
BEYOND BORDERS
Over the years Agarwal has expanded his global business empire through mergers, acquisitions, and restructuring of his diversified group that has interests in oil, iron ore, base metals, and power. But that has led to a stretched balance sheet. Setbacks in Orissa over a greenfield aluminum unit, the shutdown of its copper smelter in Tuticorin and a protracted legal battle in Zambia over the liquidation of Konkola Copper Mines have further led to cost and time overruns, severely crimping cash flows. Agarwal, known for taking risky bets, has also entangled himself into an expensive takeover battle over Anglo American.
After the acquisition of Sesa Goa in 2007 and Cairn India in 2011, Agarwal veered his group towards a wider resource play. In 2013, Sesa Sterlite was formed post the restructuring of Vedanta Group's operating assets in India. Subsequently, Cairn India operations were merged with Vedanta in 2017 and got delisted. Currently, it is a 100% division of listed Vedanta Limited.
OIL SPILLAGE
Cairn has produced 189-kilo barrels of oil equivalent per day (kboepd) in the last fiscal year and has gross proved and probable resources of 1195 mmboe (million barrels of oil equivalent). A large portion of the hydrocarbon production of Cairn in India comes out from the inland field in Barmer, Rajasthan, its crown jewel.
The Rajasthan field had 11 developing drilling rigs at the end of March 2019, and 99 drilled wells. The production sharing contracts (PSC) of Rajasthan and Ravva block have been extended for 10 years, subject to conditions.
The company also has 41 blocks under the government's new Open Acreage Licensing Policy (OALP), thus making Cairn one of the largest private acreage holders in the country with 55,000 square km of total acreage. These blocks, in turn, have prospective resource bases of 1.4-4.2 billion barrels of oil equivalent.
In FY19, the operating profit of the Cairn India was Rs 7,656 crore, which accounted for nearly 30% of the total operating profit of the Vedanta. Its consolidated gross debt was Rs 66,226 crore in FY19 as per the company's annual report, a gain of Rs 8,107 crore from the previous fiscal due to acquisition of Electrosteel Steels and temporary borrowing at Zinc India. However, the net debt stood at Rs 46,561 crore as of September 2019, as per Bloomberg estimates.
The company plans to grow its production from the current 200 kboepd to 300 kboepd and aspires to achieve 500 kboepd productions, with reserves of three billion barrels of oil equivalent in the long term.
In the last one year, the Vedanta stock has dropped 22% compared with a 13% appreciation of the Sensex.
"The past few quarters have been that of operating misses for Vedanta as expansions have not ramped up in India zinc business, Gamsberg and India oil, and projects have been delayed," said Pinakin Parekh, an analyst of JPMorgan.
There are other headwinds for Cairn as well. An ongoing Rs 10,247 crore tax litigation against Cairn Energy PLC over an internal business reorganization it did of its India business years back could dampen investor confidence. Despite its reserves and resources bank, the scope of expansion is regulated and it is largely perceived as a single production asset-heavy company.
The delay in approvals lowers payoff and shrinks the net present value of the project. "The risk of slippage on the project and spate of regulatory risk on the policy side typically keep multinational hydrocarbon companies away from Indian hydrocarbon space. Also, with global oil consumption moderating in the last few years, MNC hydrocarbon companies have adopted a calibrated approach in their inorganic expansion globally," said a New York-based investment banking official specializing in the energy sector deals. The focus of these global giants has largely been to protect their future dividend income rather splurge on adding incremental reserve.
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The rig movement database compiles information on rigs active in India, both inland and offshore. It helps E & P operators rig movement, availability and day rates. Rig owners and operators get information on rig release dates and forthcoming RFQ's.
Overview:-
Our contacts across the entire E & P spectrum in India is tapped to build the database on rigs already deployed or about to be put into service. The rig database may be a valuable tool for the E & P industry because it provides hard-to-find information on the name of the rig deployed, the continued day rate, name of the owner and operator along with well and field data. Drilling efficiency, for example, can be assessed by looking at well depth and time taken to drill to such depth.
Information is also given on the type of rig, contract start and end dates and extensions given if any.
Of special interest is our information on future RFQ dates for the hiring of rigs. Data is sourced directly from E & P operators under the Minimum Work Programme scheme or under FDP. A drilling requirement is traced through our E & P database well in advance and tracked regularly, alerting clients on possible RFQ dates. A key contact database helps rig owners and operators to get in touch directly with the buyers before tenders are floated.
The rig information Is dovetailed with our good data, providing a holistic perspective to those who seek this service. Know the present wholly to project your future plans with efficacy. All with the help of our team.
Benefits:-
The information is useful for:
Rig operators and owners
 Keep track of competing rigs within the Indian market
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E & P operators
 They can keep track of rig contract rates
 Track rig movement and drilling efficiencies
 Access relevant data on discoveries and hydrocarbon finds
Deliverables:-
Deliverables include:
 Rigs tracker with weekly and monthly updates
 Update on discoveries and reserves
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Daily Newsletter Service:-
Our daily newsletters are a comprehensive source of exclusive oil and gas news within the country. Our dedicated team of journalists, scouts, analysts, and editors breaks a minimum of 100 exclusive stories hebdomadally.
Overview:-
Our popularity and credibility rest on consistent hard work and uncompromising professional integrity. We are read by key decision-makers across the industry and have a solid 15-year track record.
Our newsletters are delivered to 30,000 readers five days a week and our readership constitutes top professionals across 5000 companies both within and outside India.
Our updates on regulatory and policy changes have major implications on the business environment and competitive landscapes with information sourced by our journalists and analysts from:
 Ministry of Petroleum, Finance Ministry and the Prime Minister's Office
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We provide extensive daily intelligence on the subsequent policy and regulatory discussions:
 Oil and Gas subsidies
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 CGD policy
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 Developments in Unconventional Resources - Shale Gas, CBM, Gas Hydrates, etc
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Daily updates from our proprietary project monitoring software on:
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 Access exclusive oil and gas news and reports
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 Newsletters 5 days a week
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You may also be interested in other associated products:
 Monthly E&P Report
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 Fortnightly Briefings from Indian Petro Team
 
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The Bid Outlook Database may be a remarkably powerful tool for equipment and repair providers. The software presents bid and RFQ dates arising over a four-month period within the industrial segments of choice, providing distinct business development opportunities.
Overview:-
The resultant data is then segregated in multiple ways to supply just the proper information required for exploiting a business development opportunity by a supplier.
The project monitoring division picks up information from primary sources to present a variety of knowledge, from getting to the commissioning of projects. Multiple parameters are caught within the net, including the date when the project promoter or the EPC contractor would begin with bids or Request for Quotation (RFQ) for specific equipment and services.
Our project team monitors this information across all projects within the segments we cover. This bottom-up approach, therefore, provides the foremost accurate projection of obtainable contracts for a supplier.
The data is drilled down in many various ways to supply real value to clients. The requirement for equipment and services within a private project are often segregated in terms of specific facility and unit, geography, promoter, and associated EPC contractor or subcontractors. the knowledge is often aggregated to the extent of the sub-sector or sector to offer the client a sector-wise action plan.
Names of purchase managers working for the promoter or the contractor are attached with every bid or RFQ proposal in order that a business opportunity is simply a call away.
The data is collated at a daily frequency and mailed to clients for immediate action.
Benefits:-
The product provides invaluable information to a supplier of kit and services. it'll allow him to drill down demand data thrown up by our software by geography, sub-sector, promoter, facility, etc.
Suppliers of kit and services:
 Clients get a totally disaggregated picture of where requirements for his or her equipment and services are getting to come up.
 They get immediately actionable information on business opportunities over the subsequent 120 days.
 Since the knowledge is fully validated sales managers can directly allocate the opportunities to their teams through our internal data management software.
 Our contact database presents names of the specific managers responsible for purchases, so all you've got to try to do is the dial.
Suppliers of power, gas and industrial fuel:
 Accurate bottom-up estimation of fresh demand for energy in new capacities that are coming within an industrial sector.
 Detailed energy matrices in every industrial facility allow suppliers to save lots of time and research to zero in on the proper opportunity.
 a totally validated contact list allows the supplier to urge in-tuned immediately with a possible client.
Banks and Financial Institutions:
 An accurate way of validating progress made by clients in implementing projects.
Deliverables:-
We provide accurate and comprehensive projections for:
 Future RFQ and bid dates by sector, geography, and company
 Projections over a period rising to 120 days
 Segregation of knowledge in terms of individual units, facilities, location, operators and promoters, contractors and sub-contractors
 Names of promoters, EPC contractors and subcontractors who are seeking bids also are provided
 Bid data is segregated geographically to incorporate
ï¶ Region
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This is a large business segment in the E & P sector and our team captures both installed base and new installations coming up over several parameters. Our monitoring software opens up a world of business development opportunities for you.
Overview:-
Besides capital projects, there is a large maintenance market too, both by way of long term maintenance contracts and immediate replacements and repairs.
The coverage includes:
1. Manifolds
2. Gas and crude gathering stations
3. Separators
4. Compressors
5. Metering stations
6. Storage
7. Utility systems
8. ETP systems
9. Offshore production systems
10. FPSOs
Under the oil and gas processing segment, we monitor equipment and services required beyond the well-head point. A separate E&P tracker handles contracting activities upstream of the wellhead.
The information is monitored through multiple parameters including possible RFQ dates, long term maintenance expiry dates, and replacement contracts, among others.
News:-
Our analysts collect project-related news through direct telephonic conversations on developments in the oil and gas processing facilities in India.
Our analysts have wide-ranging contacts in the E & P industry, starting from the CEO downwards within a company. News is also collated from the DGH and the petroleum ministry and from our embedded sources among key contractors and subcontractors in the industry.
The advantage we have is that every E & P operator in India is a subscriber of our News and Analysis package in our flagship portal www.indianpetroplus.com, and this makes the job of reaching out to them for project-related inputs that much easier. We have been in the business for 15 years and we enjoy both goodwill and credibility within the industry.
Unlike our Daily Intelligence package, project news is specifically oriented for the benefit of the supplier of equipment and services.
Project-related information is also generated from our oil and gas databases on E & P, Gas, and Downstream segments.
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