Online registration form on Indian Gas Exchange (IGX) portal igxlaunch.com, India’s first nationwide online distribution based gas trading platform by Indian Energy Exchange (IEX), free market pricing of natural gas
The central government is inviting the Indian Gas Exchange (IGX) portal online registration form at igxlaunch.com. Mr. Dharmendra Pradhan has launched IGX as the first nationwide online delivery based gas trading platform on 15 June 2020 in an e-function. This new electronic trading platform will help India move towards free market pricing of natural gas. It is incorporated as a wholly owned subsidiary of the Indian Energy Exchange (IEX), India’s energy market platform.
IGX will enable market participants to trade in standardized gas contracts. The new Indian Gas Exchange platform is fully automated with a web-based interface to provide seamless business experiences to customers. IEX launched India’s first gas trading platform to transform the Indian gas market. Read the official IGX press release here, register and login.
Indian Gas Exchange (IGX) Portal Online Registration Form
- Visit the official website
- Now click at the “IGX – Indian Gas Exchange an IEX Venture”
- Click at the “Register Now” tab
- Here applicants can enter their name, mobile number, organization, e-mail ID, city and click on the “Submit” button to complete the IGX online registration process.
IGEX delivery based gas trading portal launched by IEX India
The Union Minister of Petroleum and Natural Gas inaugurated the Digital of India Gas Exchange (IGX) portal, which is the country’s first automated national level gas trading platform. This is PM Narendra Modi’s vision to establish next-gen energy infrastructure in the country and make India a gas-based economy. This historical development will enable efficient and competitive exploration of gas prices in specified physical hubs and promote and sustain a strong and efficient gas market.
The Indian Gas Exchange (IGX) gas trading platform will play a key role in addressing demand supply gaps and accelerating investment in the value chain. The transparency, reliability, flexibility and competitiveness of our gas markets will contribute to boosting India’s industrial and economic growth. Since 2014, PM Modi has emphasized on the expansion of gas infrastructure to meet our growing energy demands in a sustainable manner and to meet the COP 21 commitments.
India’s energy vision towards environmentally friendly fuels and India’s energy vision based on energy access, energy efficiency, energy sustainability and energy security is a part of the integrated approach to provide energy justice to citizens. Non-discriminatory access to infrastructure as well as price discovery of distributed gas to end consumers will ensure the availability and access of natural gas to all gas consumers in a market-driven and transparent manner.
India is a price sensitive market. The gas exchange will play an important role in discovering our own price benchmark. The Petroleum and Natural Gas Regulatory Board (PNGRB) is working on a progressive and pro-business policy to make natural gas affordable in every part of the country and facilitate the development of gas markets. Minister launches IEX Ltd. at the launch of Indian Gas Exchange. And congratulated IGX India. This is a new chapter in the energy road-map of the country and a major step towards a self-reliant India (Self Reliable India).
The central government has no business and the consumer is king in the free market. With the IGX online natural gas trading portal, India’s vision on mega investment will be catalyzed by allowing for liquefied natural gas (LNG) terminals, gas pipelines, CGD infrastructure and market-driven pricing mechanisms.
Central government initiative. Creating India Gas Based Economy
Central government. Various initiatives have been taken to make India a gas based economy. The Indian gas market has a number of price bands for assets including pre-NELP, NELP, high temperature and high pressure (HTHP) and deepwater and ultra deep water blocks. India will soon have a 50 MMT LNG terminal capacity. In addition, our country has long-term gas contracts with several countries such as Qatar, Australia, Russia and the US and has invested abroad in strategic assets in Mozambique, Russia and other countries.
The new IGX electronic trading platform for natural gas is the biggest indicator of the Centre’s progressive policy. Government. It has now completed the entire energy value chain from gas production to multiple sources and has a transparent price mechanism for import of LNG from different parts of the world. PM Modi said that every person should have universal access to clean, affordable, sustainable and equal supply of energy.
Official Press Release of Indian Gas Exchange as India’s first gas trading platform