IGX and CEGH Collaboration for Natural Gas and Renewable Gases Trading
Key Ideas
- IGX and CEGH signed an MoU to explore collaboration in trading natural gas and renewable gases like hydrogen and biomethane.
- The partnership aims to enhance India's gas market by leveraging European market expertise and sharing best practices.
- Both parties plan to develop trading platforms for green gases, offer training programs, and support gas hub operations in India.
- The collaboration intends to strengthen market efficiency, advance India's gas-based economy, and promote a sustainable energy future.
Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have signed a Memorandum of Understanding (MoU) to explore opportunities in trading natural gas and renewable gases like hydrogen and biomethane. The focus areas of this partnership include market development, training programs, and the operation of gas hubs. The collaboration aims to leverage CEGH's European market expertise and IGX's knowledge of the Indian gas market to enhance the efficiency and transparency of gas trading. Both parties plan to develop trading platforms for emerging green gases, provide training programs, and collaborate on supporting gas hub operations in India. The MoU also includes provisions for the development of tailored training programs and certification courses to enhance the skills of market participants and stakeholders in India. Rajesh Kumar Mediratta, MD & CEO of IGX, expressed optimism about the partnership, emphasizing its potential to accelerate the development of India's gas market and contribute to a sustainable energy future. Similarly, Gottfried Steiner, CEO of CEGH, highlighted the excitement about shaping international gas markets and supporting the development of regulatory frameworks for gas trading. Overall, this collaboration between IGX and CEGH aims to drive innovation in natural gas and renewable gas trading, promote market efficiency, and advance India's transition towards a gas-based economy and sustainable energy practices.
Topics
Certification
Innovation
Green Energy
Partnership
Training Programs
Energy Market
International Cooperation
Market Development
Gas Hub
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