Web Directory gma Free Links Directory

UPSC Courses

DNA banner


  • 16 June, 2020

  • 10 Min Read

Indian Gas Exchange (IGX)

Indian Gas Exchange (IGX)


  • Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan launched the Indian Gas Exchange (IGX), the first nationwide online delivery-based gas trading platform, in an e-ceremony today.

About Indian Gas Exchange (IGX)

  • IGX will be a delivery-based trading platform for the delivery of natural Gas.
  • Incorporated as a wholly owned subsidiary of IEX - India’s energy market platform, IGX will enable market participants to trade in standardised gas contracts.
  • The platform is fully automated with a web-based interface to provide a seamless trading experience to the customers.
  • As there will be a market-driven pricing mechanism, India Gas Exchange (IGX) will play a bigger role in realizing a free market for gas.
  • The minister also said that Petroleum and Natural Gas Regulatory Board (PNGRB) is working on the rationalization of tariffs to make natural gas affordable in every part of the country.
  • Through IGX, India's vision of mega investments in Liquefied Natural Gas (LNG) terminals, gas pipelines, CGD infrastructure and permission for a market-driven price mechanism will be materialized.

India’s steps to enhance Natural gas production

  • Indian gas market has multiple price bands for assets including pre-NELP, NELP, High Temperature and High pressure (HTHP) and Deepwater and Ultra Deep Water blocks.
  • The country will soon have a 50 MMT LNG terminal capacity.
  • The country has long-term gas contracts with many countries like Qatar, Australia, Russia and the US, and has made investments abroad in strategic assets in Mozamibque, Russia and other countries.
  • He also mentioned various ongoing projects to strengthen the gas infrastructure in the country like Urja Ganga, Eastern India grid, Indradhanush project in the North-east, Dhamra-Dahej pipeline, coal gasification and CBM policy.
  • He said that country will have more than 30,000km of pipeline in the next few years.
  • 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 the globe to having a transparent price mechanism.

Source: PIB

World bank logistic performance index 2023

India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Ministry of Commerce and Industry. About Logi

Smuggling of Gold

Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit market is thought to be

India-Thailand Relations

Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand relations. Highlight

Translocation of Elephants

The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismissed by the Supreme Court.

Global Buddhist Summit

Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is


Search By Date

Post Feed

Newsletter Subscription
SMS Alerts

Important Links