Oil and Natural Gas Corporation Ltd. (ONGC) has become the first Exploration and Production (E&P) company in India to trade domestic gas on Indian Gas Exchange.
- The first online trade was made on 23 May 2022 by ONGC Director (Onshore) In-charge Marketing Anurag Sharma on India’s first automated national level Gas Exchange, IGX.
- The gas traded is from ONGC Krishna Godavari 98/2 block.
About Indian Gas Exchange Ltd. (IGX)
- Indian Gas Exchange Ltd. (IGX) is India’s first automated national level Gas Exchange to promote and sustain an efficient and robust Gas market and to foster gas trading in the country.
- IGX started operations on 15th June 2020 as Gas Trading Platform and has been operating as the Gas Exchange since 10th December 2020.
- The Exchange operates under the regulatory framework of Petroleum and Natural Gas Regulatory Board (PNGRB).
