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GAIL (India) plans to acquire 26 percent stake in Indian Gas Exchange

Thursday, 25 Jun 2020
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The state-owned GAIL (India) is planning to acquire around 26 percent stake in India’s first natural gas exchange.

An expression of interest (EoI) seeking its equity participation in a gas exchange, GAIL (India) wants to come in as a promoter with 26 percent equity stake.

The public sector unit owns liquefied natural gas (LNG) terminals and is already a member of the natural gas trading platform set up by the Indian Energy Exchange.

GAIL (India) has invited online offers from parties who will submit expression of interest (EoI) offering equity participation to GAIL (India) in their Indian Gas Exchange company proposed to be established in India for setting up gas exchange for natural gas trading and access on pan-India basis.

The Indian Gas Exchange provides day-ahead market and forward contracts, including daily, weekly, weekday, fortnightly and monthly, at three physical hubs in Dahej, Hazira in Gujarat, and Odoru in Andhra Pradesh.

A transparent and neutral natural gas trading platform commonly known as Gas Exchange can further facilitate market-based mechanism.

Additionally, the Gas Exchange is also expected to drive competition, leading to innovative business models and cost-efficient structures, thus supporting the overall affordability of gas.

GAIL (India) has 12,000 km gas pipeline infrastructure and plans to add another 7,600 km over the next five years. While around 108 mmscmd of gas is transported through its pipelines, GAIL (India) markets around 96 mmscmd of gas.

 
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