Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan 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.
Daily Current Affairs Quiz 2020
Key-Points:
The IGX platform is fully automated with web-based interface to provide seamless trading experience to the customers.
IGX will enable market participants to trade in standardised gas contracts.
IGX has opened a new chapter in the energy history of India and help the nation move towards free market pricing of natural gas. The exchange is expected to facilitate transparent price discovery in natural gas, and facilitate the growth of the share of natural gas in India’s energy sector.
