IGX gets PNGRB nod to operate as a gas exchange for 25 years

The Indian Gas Exchange, India’s first automated delivery-based gas trading platform, has secured the necessary authorisation to operate as a gas exchange according to the provisions of the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020. The authorisation has been granted for a period of 25 years. The exchange is expected to play an instrumental role in the transparent discovery of gas prices, aid in capacity utilisation of pipelines, accelerate investments in the value chain and boost consumer confidence, which will in turn increase gas demand in the country.