17 June, 2020
4 Min Read
Indian Gas Exchange
Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST)
Shri Dharmendra Pradhan launches Indian Gas Exchange, first nationwide online delivery-based gas trading platform
Minister of Petroleum and Natural Gas & Steel launched the Indian Gas Exchange (IGX), first nationwide online delivery-based gas trading platform, in an e-ceremony. IGX will be a delivery-based trading platform for delivery of natural Gas.
He said that country will have more than 30,000km of pipeline in next few years. According to the minister, the new electronic trading platform for natural gas is the biggest indicator of the centre's progressive policy as it completes the entire energy value chain from gas production from multiple sources and imports of LNG from different parts of globe to having a transparent price mechanism. Talking about the Prime Minister’s vision to provide energy justice to the people of India, he said that they must have universal access to clean, affordable, sustainable and equitable supply of energy.
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