The Indian Gas Exchange (IGX) has sought regulatory approval to begin trading of Liquefied Natural Gas (LNG) from Regasified LNG terminals and distributed fields in small scale LNG (ssLNG) containers. The niche business is expected to see major growth in coming years, and an application has been filed with the Petroleum and Natural Gas Regulatory Board (PNGRB), IGX CEO Rajesh Mediratta told reporters on Wednesday.
ssLNG contracts are set to benefit buyers who are situated in areas not yet covered by the national gas grid. As of FY23, approximately 0.7 Million Metric Standard Cubic Meters per Day (MMSCMD) of LNG is transported by road in India, constituting around 0.4 percent of the total natural gas consumption.
