"The introduction of ssLNG contracts on IGX aims to address the growing gas demand from industries and CGD (City Gas Distribution) companies that do not have access to pipeline networks," IGX said in a statement.
IGX offloads 26 pc stake to NSE, 5 pc to ONGC ANI | Updated: Mar 10, 2021 14:33 IST
The IGX has a robust ecosystem of more than 6,500 market participants which include all distribution utilities in the country, major power generators as well as over 4,500 open access consumers.
Secretary at the Ministry of Petroleum and Natural Gas Tarun Kapoor said the government is committed to build a sustainable energy economy in which clean energy sources like gas have a key role to play. We are working collaboratively with key stakeholders in the value chain to create an enabling policy framework that supports development of gas markets in the country, he said.
Adani Total Gas, Torrent Gas become first strategic investors in IGX ANI | Updated: Jan 22, 2021 12:10 IST
New Delhi [India], January 22 (ANI): Adani Total Gas and Torrent Gas with stakes in both upstream and downstream hydrocarbon value chain have acquired five per cent equity stake each in Indian Gas Exchange (IGX).
India s first authorised gas exchange envisions to play a key role in the development of gas market which is aligned with the government s vision to increase the share of gas in energy mix from 6 to 15 per cent by 2030, said Director Rajesh K Mediratta. In our journey to shape the nascent gas markets, we are delighted to partner with Adani Total Gas and Torrent Gas. We look forward to working in collaboration as IGX braces to play a pioneering role in developing India s gas markets, he said in a statement on Friday.