+
IGX Gas Trade Volume Sees Surge
OIL & GAS

IGX Gas Trade Volume Sees Surge

The Indian Gas Exchange (IGX) reported a significant rise in its gas trade volume in October, with a 160% month-on-month increase, reaching 8 million MMBtu. This surge reflects growing demand for natural gas and the market's confidence in the platform's trading efficiency.

The rise in IGX's trade volume highlights the increasing importance of gas exchanges in India’s energy transition. With a shift towards cleaner energy sources, natural gas plays a crucial role in India’s energy mix. The 160% growth in October demonstrates the market's growing preference for transparent and competitive trading mechanisms, which IGX provides, offering flexibility and efficiency in the trading of natural gas.

The increase also suggests broader economic recovery and industrial demand for natural gas, positioning IGX as a key player in India’s evolving energy market. As the country looks to reduce reliance on coal and improve its carbon footprint, the growth in gas trading is aligned with government policies to promote natural gas as a cleaner energy alternative.

The Indian Gas Exchange (IGX) reported a significant rise in its gas trade volume in October, with a 160% month-on-month increase, reaching 8 million MMBtu. This surge reflects growing demand for natural gas and the market's confidence in the platform's trading efficiency. The rise in IGX's trade volume highlights the increasing importance of gas exchanges in India’s energy transition. With a shift towards cleaner energy sources, natural gas plays a crucial role in India’s energy mix. The 160% growth in October demonstrates the market's growing preference for transparent and competitive trading mechanisms, which IGX provides, offering flexibility and efficiency in the trading of natural gas. The increase also suggests broader economic recovery and industrial demand for natural gas, positioning IGX as a key player in India’s evolving energy market. As the country looks to reduce reliance on coal and improve its carbon footprint, the growth in gas trading is aligned with government policies to promote natural gas as a cleaner energy alternative.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

KPIL announces new business wins worth Rs 22.25 bn

Kalpataru Projects International (KPIL) has secured new orders and a letter of comfort worth approximately Rs 20.31 billion in its power transmission and distribution (T&D) business across India and international markets. Additionally, its Swedish subsidiary, Linjemontage i Grästorp AB, has received an order worth approximately Rs 1.94 billion (SEK 200 million), taking the combined order value to Rs 22.25 billion.Commenting on the order wins, Manish Mohnot, Managing Director and CEO, KPIL, said the new orders reflect customer confidence in the company's execution capabilities and technical ex..

Next Story
Infrastructure Transport

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Next Story
Infrastructure Urban

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code