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Jun 15, 2020

Petroleum Minister Dharmendra Pradhan launches Indian Gas Exchange

Union Petroleum and Natural Gas Minister Dharmendra Pradhan, today, launched the Indian Gas Exchange (IGX), which is the first nationwide online delivery-based gas trading platform.

IGX has been incorporated as a wholly owned subsidiary of the IEX, which is India’s energy market platform.

The trading platform will enable market participants to trade in standardised gas contracts. IGX is fully automated with web-based interface and it provides seamless trading experience to the customers.

Speaking on the occasion, Mr. Pradhan said that the launch of the new electronic trading platform for natural gas has opened a new chapter in the energy history of India and will help the nation move towards free market pricing of natural gas.

He said that with this landmark, India has joined the club of progressive economies.

Petroleum Minister said , the new electronic trading platform for natural gas is an indicator of centre's progressive policy and is in tandem with Prime Minister’s vision to provide energy justice to every citizen.

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