India-Austria Collaboration for Renewable Gas Trading Development
Key Ideas
  • Indian Gas Exchange Limited (IGX), India, and Central European Gas Hub AG (CEGH), Austria, signed an MoU to collaborate on natural gas and renewable gas trading.
  • The collaboration aims to focus on trading renewable gases like hydrogen, biomethane, and e-methane, market development, and training programs to boost India's gas market.
  • IGX and CEGH will share expertise, best practices, and develop platforms for emerging green gases, enhancing technical and regulatory capabilities for natural gas trading.
  • The partnership includes training programs, workshops, and market expansion opportunities to advance skills and innovation in trading products in India.
Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have signed a Memorandum of Understanding (MoU) to collaborate on natural gas and renewable gas trading. The focus areas of the partnership include trading renewable gases such as hydrogen, biomethane, and e-methane, along with commodity-related certificates, market development, and training programs. The aim is to leverage CEGH's expertise in European gas markets and IGX's understanding of the Indian energy landscape to strengthen India's gas market. The collaboration between IGX and CEGH seeks to accelerate the development of India's gas market and expand the role of renewable gases in the energy mix. By sharing international best practices and co-developing platforms for trading emerging green gases like hydrogen and biomethane, both organizations aim to enhance technical, operational, and regulatory capabilities for natural gas trading. IGX's MD and CEO, Rajesh Kumar Mediratta, highlighted the significance of the partnership in shaping the future of gas and renewable energy markets. CEGH CEO Gottfried Steiner expressed excitement about collaborating with IGX to influence the development of international gas markets, offering expertise on regulatory frameworks, trading facilities, and gas hub operations. The partnership also includes initiatives such as tailored training programs, workshops, and certification courses to improve the skills of market participants, regulators, and stakeholders in India. Additionally, the parties plan to explore commercial opportunities for market expansion and drive innovation in trading products. This collaboration signifies a step towards enhancing renewable gas trading and fostering market growth in India.
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