Strengthening Indian Gas Market with European Collaboration
Key Ideas
  • Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) signed a MoU to enhance the Indian gas market with European expertise.
  • The collaboration includes trading in natural gas and renewable gases like hydrogen and biomethane, along with market development and management.
  • Both companies aim to leverage each other's knowledge to create efficient trading models and establish trading venues for green gases in India.
  • The partnership aligns with India's goal of fostering a gas-based economy and transitioning towards a low-carbon future through digitalized platforms.
Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have recently entered into a Memorandum of Understanding (MoU) to collaborate on enhancing the Indian gas market. The primary focus of this partnership is to combine CEGH's European market knowledge with IGX's expertise in the Indian market to strengthen the gas trading sector in India. The MoU encompasses various aspects such as natural gas trading, renewable gases including hydrogen, biomethane, and e-methane, commodity certificates, market creation, training programs, and gas hub management. Both companies aim to work together to develop operational models for natural gas trading that incorporate technical advancements and regulatory policies from both Indian and European experiences. Additionally, IGX and CEGH are aligning their strategies to establish trading venues for green gases like hydrogen and biomethane, as well as green gas certificates. They also plan to collaborate on enhancing the development and functionality of gas hubs in India. The overarching goal of this partnership is to provide a seamless, digitalized trading platform that supports India's vision of a gas-based economy and a sustainable, low-carbon future. This collaboration signifies a positive step towards fostering innovation and knowledge exchange between European and Indian energy markets, ultimately contributing to the growth of renewable energy sources and the reduction of carbon emissions in the region.
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