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Norms Tightened for Gas Network Nod
Mint Hyderabad
|September 06, 2025
The petroleum and natural gas regulator warned that it will encash bank guarantees and terminate contracts of city gas distributors if they fail to submit annual performance bond guarantees (PBG) on time.
The petroleum and natural gas regulator warned that it will encash bank guarantees and terminate contracts of city gas distributors if they fail to submit annual performance bond guarantees (PBG) on time. A performance bond is a financial guarantee and is required for grant of authorization to an entity that wins a project to set up and operate piped natural gas (PNG) and compressed natural gas (CNG) networks.
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