India steps up bet on gas with first gas trading exchange
NEW DELHI : India on Monday launched its first gas trading exchange, enabling local and foreign players such as Shell, Vitol and Trafigura to sell directly to domestic customers.
India, a large emitter of greenhouse gases, is expanding its gas infrastructure, including connecting households with expanding gas pipe network, as it aims to raise the share of gas in its energy mix to 15% by 2030 from the current 6.2%.
The nation’s current daily consumption of gas – which is less polluting than other fossil fuels such as coal and oil – is about 165 million cubic metres, of which 47% is met through imported liquefied natural gas (LNG).
