This partnership aims to bolster India’s gas market by leveraging CEGH’s European expertise and IGX’s in-depth knowledge of the Indian market.
The MoU focuses on several strategic areas, including:
Commenting on the partnership, Rajesh Kumar Mediratta, MD & CEO of IGX, highlighted its potential to transform India’s energy future.
“This MoU marks a significant milestone for IGX, as we collaborate with CEGH to shape the future of gas and renewable energy markets. By partnering with CEGH, we aim to draw from the experience in Europe to accelerate the development of India’s gas market and expand the role of renewable gases in our energy mix,” said Mediratta.
He further emphasised the partnership’s focus on co-developing technology-driven solutions to strengthen market efficiency and support India’s ambition of becoming a gas-based economy.
Gottfried Steiner, CEO of CEGH, expressed excitement about the collaboration and its potential to influence international gas markets.
“We are excited to collaborate with IGX and look forward to shaping the development of international gas markets. We will support with our profound expertise on regulatory frameworks for gas trading and market liberalization, trading facilities, as well as gas hub development and operation,” said Steiner.
The MoU also prioritises capacity building through tailored training programs for market participants, regulators, and stakeholders in India. These initiatives aim to enhance skills and foster a deeper understanding of market dynamics, ensuring a seamless integration of global best practices.
