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ONGC becomes 1st to trade Domestic gas on Indian Gas Exchange

State-owned Oil and Natural Gas Corporation Ltd. (ONGC) became India’s first Exploration and Production (E&P) company to trade domestic gas on Indian Gas Exchange (IGX).

  • ONGC made its first online trade on 23rd May 2022 on India’s first automated national level Gas Exchange, IGX.
  • The gas traded is from ONGC’s eastern offshore Krishna Godavari 98/2 block. 
  • Trading domestic gas through IGX will help ONGC realize a higher value for gas. ONGC announced that it will enhance the quantity sold through the IGX.

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