India launches maiden gas exchange
MUMBAI: India on Monday launched its maiden gas exchange, two years after mooting the idea.
Indian Energy Exchange, the country’s largest electricity trading platform, is the parent of the gas exchange, and had been planning to set up the nation’s first natural gas exchange to tap into the increasing demand for clean fuel.
In February, the Indian Gas Exchange (IGX) had invited members to be part of its platform ahead of its formal launch. IGX has 12 members and 300 plus clients so far which includes buyers, sellers and users.
Dharmendra Pradhan, minister of petroleum and natural gas, launched the exchange online.
