The CEO of the Indian Gas Exchange believes that the drop in gas prices this year will encourage industrial users in India to switch from dirtier fossil fuels. The exchange expects trading volumes to increase due to the availability of cheaper supplies. The exchange is also planning to offer longer-duration contracts to help buyers access gas at set prices. India aims to increase the share of gas in its energy mix to 15% by the end of the decade. The exchange trades spot LNG and gas from Indian deep water fields.
HYDERABAD: Following a call given by Bharat Rashtra Samithi (BRS) working president KT Rama Rao, the party cadre participated in the large-scale protests over the hike in prices of commercial LPG cylinders and domestic LPG cylinders in various places across the State on Thursday. They demanded that the Centre withdraw the hike and supply subsidised LPG cylinders for domestic
Oil and Natural Gas Corporation Ltd. (ONGC) has become the first Exploration and Production (E&P) company in India to trade domestic gas on Indian Gas Exchange. The first online trade was made on May 23, 2022 by ONGC Director (Onshore) In-charge Marketing Anurag Sharma on India’s first automated national level Gas Exchange, IGX. The gas…