India's first gas exchange launched
9:24 AM
NEW DELHI JUNE 21: India's first gas exchange lounce .
An exchange is a marketplace where securities , commodities , derivatives and other financial instruments are traded . The core function of an exchange is to ensure fair and ordinary trading and the efficient dissemination of price information for any securities trading on the exchange . An exchange may be a physical location where traders meet to conduct busness or an electronic platform .
In now a days every people i think khow about the stock exchange like,
1. Bombay stock exchange (BSE)
2. National stock exchange (NSE)
Similary there are exchanges where commodities are exchanged on online platforms
In india MCX(multi commodity exchange of india) is exchange energy, metal , bullion , and agericulture ,
The indian govt. showcase the online trading platfrom IGX this is a digital trading platform that allow buyers and sellers of natural gas to trade both in the spot market .
The gas exchange will be managed by Indian energy exchange .
For the time being trading will take place only in important natural gas acroos three hubs -
Dahej and Hazira in gujrat and kakinada in andhra pradesh .
However indian govt. tell that they can't control the the gas price it can be increase or decrease as the market .
The indian govt. want to increase the demand of natural gas in 2030 by 15% .