Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have signed a Memorandum of Understanding (MoU) to foster collaboration in natural and renewable gas sectors.
The partnership leverages CEGH’s European market expertise and IGX’s deep knowledge of the Indian market to bolster the Indian gas ecosystem.
Key Areas of Cooperation
The MoU outlines several areas of focus, including:
- Natural Gas Trading: Developing robust operational models for trading natural gas, integrating technical, operational, and regulatory advancements.
- Renewable Gases: Expanding trading platforms for hydrogen, biomethane, and e-methane to support the green energy transition.
- Commodity Certificates: Promoting the creation and exchange of green gas certificates to enhance market transparency.
- Market Creation: Facilitating the establishment of liquid and elective gas markets in India.
- Training and Expertise Sharing: Providing expert knowledge and training programs to improve market operations and management.
Advancing Gas Hub Development
IGX and CEGH aim to establish efficient gas hubs in India by sharing regulatory policies and best practices from both regions.
The hubs will serve as a foundation for a seamless and digitalized trading ecosystem, promoting a more liquid market for natural and renewable gases.
Supporting India’s Gas-Based Economy
The partnership aligns with India’s vision of transitioning to a gas-based economy and achieving a low-carbon future.
By collaborating on green gas trading venues and operational models, IGX and CEGH seek to create a sustainable energy framework.
As reported by manufacturingtodayindia.com, the MoU marks a significant step in strengthening India’s energy infrastructure. It also incorporates global best practices in gas trading and renewable energy.
