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Monthly natural gas trades shoot up nearly 4x in January, says IGX
Rising global prices, cut in APM gas allocation behind higher trades
NSE becomes co-promoter in IGX, buys 26% stake in gas trading hub
The exchange has with over 500 registered clients and 15 members
Oil and Natural Gas Corp acquires 5% stake in Indian Gas Exchange
The Indian Gas Exchange is a subsidiary of the IEX - India's premier nationwide, automated electricity trading platform
IGX eyes 5% of total spot LNG and domestic gas trade on its exchange
Since its launch in June 2020, some 2 million standard cubic meters a day (mscmd) of natural gas have been traded on the Gas Trading Platform; current demand in India is around 160 mscmd
IEX to launch trading platform Indian Gas Exchange; norms yet to be framed
IGX will be offering a spot contract for the day ahead market, which means gas will be physically delivered the next day
India is likely to set up gas trading hub by first quarter of 2020-21
The Narendra Modi government is looking into a plan to unbundle the gas transmission and marketing business of GAIL
India to soon have its first gas trading exchange: Dharmendra Pradhan
The Minister also said that he would be soon putting up a note to the cabinet for its approval of a gas exchange
