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Govt mandates biogas blending, propelling sustainable energy
The Business Guardian
|November 27, 2023
In a decisive stride towards Sustainable energy practices, the Ministry of Petroleum and Natural Gas has mandated the blending of compressed biogas (CBG) in the CNG (transport) and PNG (domestic) segments within the City Gas Distribution (CGD) sector.
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According to an official press release, the introduction of the CBG Blending Obligation (CBO) is poised to revolutionize the adoption of CBG, representing a significant leap towards import substitution for liquefied natural gas (LNG) and the realization of a circular economy.
Hardeep Singh Puri, the Minister of Petroleum and Natural Gas and Housing and Urban Affairs, underscored the pivotal role of CBO in stimulating CBG demand, saving foreign exchange reserves, and contributing to the goal of achieving net-zero emissions.
The National Biofuels Coordination Committee (NBCC), chaired by the Union Petroleum Minister, envisions substantial investment of approximately Rs 37,500 crores and the establishment of 750 CBG projects by the fiscal year 2028-29.
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