Enhancing Natural Gas Trading in India: Partnership with European Hub Operator
Key Ideas
- Indian Gas Exchange Ltd (IGX) and Central European Gas Hub AG (CEGH) have signed an MoU to explore collaborative opportunities in natural and renewable gas trading, including green hydrogen.
- The partnership aims to leverage CEGH's expertise in the European market and IGX's experience in the Indian gas market to strengthen India's gas market, facilitate market development, and enhance energy security.
- Focus areas of the MoU include trading of natural gas, green hydrogen, biomethane, e-methane, commodity-related certificates, market development, training programs, and gas-hub operations, aiming to create a liquid and transparent gas market.
- Both companies intend to collaborate on best practices for natural gas trading, share insights from Indian and European gas markets, and explore the development of trading platforms for emerging green gases like hydrogen and biomethane, along with supporting gas hub operations in India.
Indian Gas Exchange Ltd (IGX) has signed a memorandum of understanding (MoU) with Central European Gas Hub AG (CEGH), a gas hub operator in Central and Eastern Europe (CEE), to explore collaborative opportunities in trading of natural and renewable gases. Renewable gases mentioned in the agreement include green hydrogen, biomethane, and e-methane as alternatives to fossil fuels. The partnership aims to enhance India's gas market by combining CEGH's European market expertise with IGX's deep knowledge of the Indian gas market. Key focus areas of the collaboration encompass trading of natural gas and renewable gases, market development, training programs, and operation of gas hubs. Both companies plan to exchange best practices, enhance technical capabilities, and promote the trading of green gases like hydrogen and biomethane. The collaboration also includes exploring the development of trading platforms for green gases and providing training programs to market participants in India.
Topics
India
Renewable Energy
Energy Security
Innovation
Partnership
Training Programs
Business News
Market Development
Gas Market
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