Explore Business Standard
Indian Gas Market
Indian Energy Exchange on Wednesday said the board of Indian Gas Exchange (IGX) has decided to go public to raise funds through an Initial Public Offering. However the Indian Energy Exchange (IEX) did not divulge details about the size of the issue, opportune time and the modalities of the issue. According to a regulatory filing, the Board of Directors of IGX Ltd, an associate company of IEX, at its meeting held on December 2, 2025, has approved to start the process of Initial Public Offering (IPO) of the equity shares of face value of Rs 10 each of IGX Ltd. The IPO will be conducted through an offer for sale by certain existing and eligible shareholders, subject to market conditions, applicable approvals, regulatory clearances and other considerations, it stated. The size of the issue, opportune time and modalities of the issue will be decided in due course, it said. The company will update the exchanges of all material developments regarding the same, as and when required, as pe
A high-level expert committee set up by the Petroleum and Natural Gas Regulatory Board (PNGRB) has called for sweeping structural reforms to create a free, competitive natural gas market in India, arguing that market-driven pricing and open access are essential for the country's clean energy transition. In its report, Vision 2040 - Natural Gas Infrastructure in India, the panel led by former PNGRB chairperson D K Sarraf said a liberalised gas market would enhance transparency, spur investment, improve resource allocation and deepen liquidity. A competitive system, it said, would remove current market distortions and attract new players across exploration, pipelines, LNG terminals and city gas distribution. Natural gas, extracted from underground and offshore reservoirs, is used to generate power, produce fertiliser, turned into CNG to power vehicles, piped to household kitchens for cooking and serve as feedstock across several industries. Seen as a key transition fuel as India shift
Prisma European Capacity Platform GmbH and Indian Gas Exchange Limited (IGX) on Tuesday signed a memorandum of understanding (MoU) on gas market cooperation to support transparent, efficient, and sustainable gas markets. "The MoU intends to build a basis for cooperation and development of modern, transparent and efficient gas markets, explore digital solutions for booking and trading gas and LNG, along with exchanging knowledge and best practices," IGX said in a statement. The MoU was signed during a delegation visit to Prisma's Leipzig headquarters. Under the MoU, Prisma and IGX will collaborate in areas such as knowledge sharing and training through joint workshops, training programmes, and capacity-building initiatives for regulators, operators, and market participants. The two would also explore best practices in digital solutions for booking and trading of natural gas and LNG infrastructure, as well as exchange insights on regulatory frameworks to support market transparency a
Industrial gases firm Air Liquide India on Friday said they have set up a manufacturing unit in Mathura, Uttar Pradesh, with an investment of Rs 350 crore with a view to expand its business. This air separation unit, it said, is dedicated to healthcare and industrial merchant activities in Kosi, Mathura. It has a production capacity of more than 300 tonnes of liquid oxygen and medical oxygen per day, as well as about 45 tonnes of liquid nitrogen and 12 tonnes of liquid argon per day, the company said in a statement. The unit will supply industrial gases across Delhi Capital Territory, Western Uttar Pradesh, Rajasthan, and Madhya Pradesh. The medical grade oxygen manufactured in this plant will be supplied to hospitals. It added that the new unit is planned to fully operate on renewable energy by 2030. "Air Liquide has invested around Rs 350 crore to build this state-of-the-art air separation plant," it said in a statement. Air Liquide India is a key supplier of industrial gases
The Indian Gas Exchange (IGX) on Thursday said volume of gas traded on the platform rose 16 per cent in 2023 as producers and consumers flocked to the exchange. IGX recorded 1.22 billion cubic meters or 3.3 million standard cubic meters per day of gas trade in 2023, it said in a statement. December volume at 67 million standard cubic meters or 2.2 million standard cubic meters per day was a 7 per cent decline month-on-month. "A total of 132 trades were executed during the month. The maximum number of trades were executed in daily contract, 61 trades; followed by fortnightly and monthly contracts of 27 and 18 trades, respectively," the statement said. The most active delivery point for free market gas was Dahej and the domestic ceiling price gas was traded at Gadimoga. Other trading delivery points were Hazira, Ankot, Suvali, Mhaskal, Bhadbhut & KG Basin. During the month, the exchange traded gas flows were 37,26,500 million British thermal unit or mmBtu (around 3 mmscmd). GIXI ..
The fully-automated trading platform, set up by the Indian Energy Exchange (IEX), allow buyers as well as sellers to trade for imported natural gas