Manikaran Power becomes the first member of India's gas trading platform

Manikaran Power Ltd joins hands with Indian Gas Exchange

The gas trading platform of Indian Energy Exchange (IEX) has found its first member in Manikaran Power Ltd (MPL). Called the Indian Gas Exchange (IGX), it will be India’s first gas trading platform.

IGX would offer spot and forward contracts at Dahej, Hazira and Kakinada. While Petronet LNG Ltd (PLL) operates a LNG terminal at Dahej, Shell operates another one at Hazira. Kakinada is the landfall point for natural gas being produced from the Krishna Godavari basin.

IGX commenced its membership drive in February this year. MPL which is already trading member in IEX, is the first to join hands