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ONGC on Indian Gas Exchange
May 29 , 2022
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- Oil and Natural Gas Corporation Ltd, became India’s first Exploration and Production company to trade domestic gas on Indian Gas Exchange.
- ONGC is a government-owned oil and gas explorer and producer.
- It was founded in 1956 and has its headquarters in New Delhi.
- It produces around 70% of India’s crude oil and around 84% of its natural gas.
- IGX is India’s first automated national-level Gas Exchange.
- It is a place where both buyers and sellers trade Gas.
- It operates under the regulatory framework of the Petroleum and Natural Gas Regulatory Board.
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