Indian Gas Exchange ties up with Europe’s CEGH to enhance natural gas trading

New Delhi: Indian Gas Exchange Ltd has signed a memorandum of understanding with Central European Gas Hub AG, a gas hub operator in Central and Eastern Europe, to explore collaborative opportunities in trading of natural and renewable gases. A statement issued by the two entities jointly on Friday said that the partnership aims to strengthen India’s gas market by leveraging CEGH’s European market expertise and IGX’s deep expertise in the Indian gas market. Key focus areas of the MoU include trading of natural gas and renewable gases like hydrogen, biomethane, and e-methane, commodity-related certificates, market development, training programs and gas-hub operations. This partnership will enable us to co-develop innovative solutions for natural gas and renewable gas trading, strengthen market efficiency and enhance energy security.” Gottfried Steiner, CEO, Central European Gas Hub, said: “We will support with our profound expertise on regulatory frameworks for gas trading and market liberalization, trading facilities, as well as gas hub development and operation.” Also read: Centre may increase green bond target by 25% to ₹ 25,000-26,000 crore next year to fund renewable energy projects Central European Gas Hub is the operator of the virtual trading point in Austria and provides a gas nomination platform for international gas companies.