New Delhi: The National Biofuels Coordination Committee chaired by the Union Petroleum Minister has announced the introduction of phase-wise mandatory blending of Compressed Bio-Gas (CBG) in CNG (transport) and PNG (domestic cooking) segments of the city gas distribution sector. Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday that the decision would encourage investment of around Rs. 37,500 crores and facilitate establishment of 750 CBG projects by 2028-29. The key objective is to stimulate demand for CBG which will lead to reduced imports of costly Liquefied Natural Gas (LNG) and saving in foreign exchange while assisting in achieving the target of net zero emission.
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