In a move aimed at strengthening innovation and transparency in natural gas markets, PRISMA European Capacity Platform GmbH (PRISMA) and Indian Gas Exchange Limited (IGX) have signed a Memorandum of Understanding (MoU). The agreement, finalised at PRISMA’s headquarters in Leipzig during an Indian delegation visit, seeks to combine European expertise with India’s fast-evolving energy landscape.
The MoU establishes a framework for cooperation between the two organisations, focusing on digital solutions for booking and trading natural gas and LNG, alongside knowledge sharing and regulatory dialogue. Both sides emphasised that the partnership is designed to support the creation of efficient, transparent, and competitive gas markets.
Key areas of collaboration include joint workshops, training programs and capacity building initiatives for regulators, operators, and market participants. The two entities also plan to explore best practices in developing digital platforms for booking and trading natural gas and LNG infrastructure. Additionally, the agreement provides for exchanges on regulatory frameworks that can enhance transparency and market efficiency.
“India’s natural gas sector is at a turning point, and digital solutions will play a key role in ensuring transparent and efficient growth,” said Rajesh Kumar Mediratta, MD & CEO of IGX. “This collaboration with PRISMA will help us leverage Europe’s experience and accelerate the development of robust mechanisms for our market.”
Echoing this sentiment, Götz Linke, Managing Director of PRISMA, highlighted the significance of international cooperation. “PRISMA was founded to create transparent and fair access to Europe’s energy infrastructure. We are proud to share our expertise with IGX and support India on its journey towards building a modern, competitive gas market. This partnership reflects our belief that international collaboration is vital to achieving cleaner, more efficient energy systems.”
The collaboration comes at a time when India is seeking to expand the share of natural gas in its energy mix, and European partners like PRISMA bring years of experience in building digital, transparent, and competitive energy markets. Industry experts believe this partnership could accelerate the modernisation of India’s gas sector, ensuring greater efficiency, accessibility and sustainability.
