 "Natural gas")
The Indian Energy Exchange (IEX), the country’s largest power trading platform, is looking at launching a spot gas exchange for trading of natural gas produced by marginal fields.
Speaking to Business Standard, S N Goel, managing director and chief executive officer, IEX, said the company was in discussion with stakeholders on the proposal.
“There is a disparity in gas prices. In India, the domestic gas price is $3.5 per mmbtu, while the LNG rate is $9 per mmbtu. If there is a market, the rate would be $7-8 per mmbtu,” he said.
Mmbtu stands for one million
Speaking to Business Standard, S N Goel, managing director and chief executive officer, IEX, said the company was in discussion with stakeholders on the proposal.
“There is a disparity in gas prices. In India, the domestic gas price is $3.5 per mmbtu, while the LNG rate is $9 per mmbtu. If there is a market, the rate would be $7-8 per mmbtu,” he said.
Mmbtu stands for one million
