Small-scale LNG contracts will drive India's gas market expansion: IGX [Gas in Transition]
Small-scale LNG contracts will drive India's gas market expansion: IGX [Gas in Transition]
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Natural Gas News
Summary
The India Gas Exchange launched small-scale LNG contracts on its platform in April at the Dahej and Hazira terminals in Gujarat, and there are plans for further expansion to other such facilities, the exchange's CEO tells NGW. by: Shardul Sharma
Indian Gas Exchange (IGX) launched small-scale LNG (ssLNG) contracts on its platform in April following approval from the downstream regulator, the Petroleum and Natural Gas Regulatory Board (PNGRB). IGX expects ssLNG contracts to help expand the gas market beyond traditional in-pipeline gas trading, IGX CEO Rajesh Kumar Mediratta tells NGW. “Many areas lack access to the natural gas grid, so these contracts help serve the demand for natural gas in those areas by transporting gas by road as ssLNG. They aim to meet future demand, encouraged by government policies promoting LNG-fuelled vehicles and LNG retailing stations along highways,&rdquo...
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