India's first gas exchange, the Indian Gas Exchange (IGX), was launched as a wholly owned subsidiary of Indian Energy Exchange. Which of the following statements are correct 1. It is a digital trading platform that will allow buyers and sellers to trade both in the spot market and in the forward market for imported natural gas. 2. It will allow trade across three hubs - Dahej and Hazira in Gujarat and Kakinada in Andhra Pradesh. 3. Imported Liquified Natural Gas (LNG) will be regassified and sold to buyers through the exchange, removing the requirement for buyers and sellers to find each other. 4. Only inter-governmental trade in domestically produced natural gas is allowed at the gas exchange. Select the correct answer using the code given below:?

Only 1 and 2
Only 1 and 3
Only 1, 2 and 3
1, 2, 3 and 4

LohaHridoy

6 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 3 : Only 1, 2 and 3

The correct answer is Only 1, 2 and 3.

Indian Gas Exchange (IGX), the first nationwide online delivery-based gas trading platform was launched by Dharmendra Pradhan, Minister of Petroleum and Natural Gas
Indian Gas Exchange (IGX), has secured authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) to operate as a Gas Exchange.
The IGX is a digital trading platform that will allow buyers and sellers of natural gas to trade both in the spot market and in the forward market for imported natural gas across three hubs. Hence 1 statement is correct.
- These hubs are Dahej and Hazira in Gujarat, and Kakinada in Andhra Pradesh. Hence 2 statement is correct.
Imported Liquified Natural Gas (LNG) will be regasified and sold to buyers through the exchange, removing the requirement for buyers and sellers to find each other. Hence 3 statement is correct.
The price of domestically produced natural gas is decided by the government. It will not be sold on the gas exchange.
There was no specific mention of inter-governmental trading.
As suggested new gas policy will include reforms in domestic gas pricing, and will move towards more market-oriented pricing.
Hence 4 statement is not correct.
IGX is expected to facilitate transparent price discovery in natural gas, and facilitate the growth of the share of natural gas in India’s energy basket.
It removes the requirement for buyers and sellers to find each other to ensure a fair price deal.

6 views Answered 2022-09-04 04:29

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