Petroleum and Natural Gas Regulatory Board (PNGRB)

About Petroleum and Natural Gas Regulatory Board:

• The Petroleum and Natural Gas Regulatory Board (PNGRB) was formed under the Petroleum and Natural Gas Regulatory Board Act, of 2006.
• Objective: To protect the interests of consumers and entities engaged in specified activities relating to petroleum, petroleum products and natural gas and to promote competitive markets and for matters connected therewith or incidental thereto.
• PNGRB authorises the CGD networks, natural gas and petroleum product pipelines, determines tariffs, lays down the technical and safety standards etc.
• Nodal Ministry: Ministry of Petroleum and Natural Gas.

What is a Natural Gas?

• Natural gas is a fossil fuel energy source. Natural gas contains many different compounds. The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4).
• Natural gas also contains smaller amounts of natural gas liquids (NGLs, which are also hydrocarbon gas liquids), and nonhydrocarbon gases, such as carbon dioxide and water vapour.

How did natural gas form?

• Millions to hundreds of millions of years ago, the remains of plants and animals (such as diatoms) built up in thick layers on the earth’s surface and ocean floors, sometimes mixed with sand, silt, and calcium carbonate.
• Over time, these layers were buried under sand, silt, and rock.
• Pressure and heat changed some of this carbon and hydrogen-rich material into coal, some into oil (petroleum), and some into natural gas.

  

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Q1) What is Petroleum?

Petroleum, also called crude oil, is a naturally occurring liquid found beneath the earth’s surface that can be refined into fuel. A fossil fuel, petroleum is created by the decomposition of organic matter over time and used as fuel to power vehicles

Source: Unified Tariffs in the Natural Gas Sector to come into effect from tomorrow