Exploration, monetisation of natural gas will benefit Northeast India: IGX

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The story "Exploration, monetisation of natural gas will benefit Northeast India: IGX" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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Exploration, monetisation of natural gas will benefit Northeast India: IGX - Business Standard

Quick Summary:

Rajesh K Mediratta, Managing Director and CEO of IGX, the country's first automated national level gas exchange, maintained that the region can supply the surplus gas not only to other parts of the country, but also to neighbouring Bangladesh and earn significant revenue.

Exploration and monetisation of natural gas deposits in the northeastern region can help cut down its import, while also boosting the local economy and providing more trade opportunities, a top official of the Indian Gas Exchange (IGX) said.

As the Northeast Gas Grid is likely to become operational by 2026, the deposit of 6 million MMSCMD of natural gas can be monetised by the existing producers," Mediratta said.