Gas Trading Through Exchange
The Ministry of Petroleum and Natural Gas under The Petroleum and Natural Gas Regulatory Board Act, 2006 (NO. 19 OF 2006) constituted an independent statutory regulatory body “The Petroleum and Natural Gas Regulatory Board (PNGRB)” to promote and regulate the interest of consumers and entities engaged in activities related to Petroleum, Petroleum products and Natural Gas in the country.
In line with the Government’s vision of increasing the share of natural gas in the energy mix from 6% presently to 15% by 2030. Indian Energy Exchange (IEX) is presenting Indian Gas Exchange (IGX), India’s first nationwide online gas trading platform enabled by best in class technology with aim to offer transparency, competitive price discovery, flexibility to trade 24x7, delivery facilitation and ease of transaction among others to the participants.
“Manikaran Power Limited having a proven track record of over 15 years in power trading and now have forayed into the Gas Trading business. In 2020, Manikaran become the first company to be on board of IGX as a full Member has shown commitment towards the nations long term energy security and shift towards clean, green and sustainable energy transformation.”
Total client registered till date: 200+
Salient Features:
| Physical | All trades for firm delivery and are Non-transferable |
|---|---|
| Hubs | Dahej, Hazira, Kakinad to start with… |
| Lot Size | 1 Lot =100 MMBTU |
| Bid Unit | INR/MMBTU |
| Price Tick | 1 INR/MMBTU |
| Gas Day | Means a period of 24 hrs beginning at 0600 hours on a day and ending at 0600 hours on the following day |
| IGX Transaction Fees | Rs 5 / MMBTU – Ex-Hub Transactions Rs 7/ MMBTU – Delivered Transaction |
| Price Discovery | Auction- Uniform Price, Closed, Double-Sided Auction • Bids collected during Call period and then matched |
| Imbalance Management | Through the Exchange for Delivered Transactions Out of Exchange for Ex-Hub Transactions |
| Margins | Buyers to pay upfront margins for day-ahead and daily contracts For contracts beyond weekly, buyers will provide cash margins |
Products offered on IGX:
Contracts offered on Gas Trading Platform:
| Name of the contracts | Trading time (T) | Delivery period (D) |
|---|---|---|
| Day Ahead | 10:00-12:00 | 1 Gas Day |
| Daily | 10:00-12:00 (D-10 to D-2) | 1 Gas day |
| Weekday | 10:00-12:00 (D-4 to D-2) | 5 Gas Days (Monday-Friday) |
| Weekly | 10:00-12:00 (D-4 to D-2) | 7 Gas Days |
| Fortnightly | 10:00-12:00 (D-10 to D-4) D refers to beginning of fortnight) |
1-16 Gas Days (1-15th of the month or 16th to the last date of the month) |
| Monthly | 10:00-12:00 | 30 consecutive Gas Days |
Eligible Entities:
- Large Piped Natural Gas buyers
- Major Gas Consuming Industries- Fertilizers, Glass, Power, Steel, Chemical
- Customer connected with Pipelines (only till Premises)
- Gas Producers and Marketers
- Entities of City Gas Distribution Networks
For More Details Visit:
For Further Queries
Contact Us
3rd Floor, D21, Corporate Park,
Sector-21, Dwarka, New Delhi-110077, India
Tel: +91-1140408000
Email: corporateaffairs@manikaranpowerltd.in