In a first, ONGC to trade domestic gas on Indian Gas Exchange
ONGC has pioneered and become the first Indian Exploration and Production company to participate in trade of domestic gas on Indian Gas Exchange. The first online trade was made on Monday (May 23).
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New Delhi, May 24: Oil and Natural Gas Corporation Ltd. (ONGC) has become the first Exploration and Production company in India to trade domestic gas on Indian Gas Exchange. The first online trade was made on May 23 by ONGC Director Anurag Sharma on India’s Gas Exchange, IGX.
ONGC has pioneered and become the first Indian Exploration and Production company to participate in trade of domestic gas on Indian Gas Exchange. The first online trade was made on Monday (May 23) by ONGC Director (Onshore) In-charge Marketing Anurag Sharma on India’s first automated national level Gas Exchange, IGX.
The first online trade that was made on May 23 is from ONGC Krishna Godavari 98/2 block. After the deregulation in gas pricing ecosystem in 2000-21, ONGC prepared itself to reap the benefits. The quantity sold by ONGC through the Gas Exchange will be reportedly enhanced slowly.
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