LNG terminal owners GAIL, Petronet join India’s first gas trading platform
NEW DELHI: Liquefied natural gas (LNG) terminal owners, state-run GAIL (India) Ltd and Petronet LNG Ltd (PLL) have joined India’ first natural gas exchange, that went online today, said Rajesh Kumar Mediratta, director, Indian Gas Exchange.
With others such as Manikaran Power, Torrent Power and Adani Gas onboard, the exchange will help in the revival of stranded gas fuelled power projects and reducing fertiliser prices and subsidy, Mediratta added.
The other members and clients of the exchange are; Geeta Power, GMR Group, Piramal Glass, Asahi Glass, Gujarat State Fertilizers & Chemicals Ltd, Gujarat Narmada Valley Fertilizers & Chemicals, Krishak Bharati Cooperative Ltd, Saint Gobain, Kajaria Ceramics, Bhagyanagar Gas, Maharashtra Natural Gas Ltd, Haryana City Gas and Gujarat Borosil, he said.
