Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have signed a Memorandum of Understanding (MoU) aimed at enhancing collaborative opportunities in the trading of natural gas and renewable gases. This strategic partnership seeks to leverage CEGH’s expertise in the European gas market alongside IGX’s deep understanding of the Indian gas landscape.
The MoU outlines key focus areas, including the trading of natural gas and renewable gases such as hydrogen, biomethane, and e-methane, as well as the development of commodity-related certificates, market development initiatives, training programs, and gas-hub operations.
A primary goal of this collaboration is to share best practices in natural gas trading operations, enhancing technical, operational, and regulatory capabilities. Insights from both Indian and European gas markets will be utilised to create a liquid and transparent gas market, with plans to develop trading platforms for emerging green gases.
Rajesh Kumar Mediratta, MD & CEO of IGX, expressed enthusiasm about the partnership, stating, “This MoU marks a significant milestone for IGX. By collaborating with CEGH, we aim to accelerate the development of India’s gas market and expand the role of renewable gases in our energy mix. Together, we will create innovative solutions for natural gas and renewable gas trading, strengthen market efficiency, and enhance energy security.”
Gottfried Steiner, CEO of CEGH, also shared his excitement, emphasising the importance of their expertise in regulatory frameworks and market liberalisation to support the development of international gas markets.
As part of the MoU, both parties will develop tailored training programs, workshops, and certification courses to upskill market participants, regulators, and stakeholders in India, while exploring commercial opportunities for market expansion and innovation-driven products.
