CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company has become the first member of India’s first gas trading platform, the Indian Gas Exchange?
A
JSW Power Trading Company Ltd
B
Global Energy Trading
C
Tata Power Company Limited
D
Manikaran Power Ltd
Explanation: 

Detailed explanation-1: -"ONGC has become the first exploration and production (E&P) company in India to trade domestic gas on Indian Gas Exchange.

Detailed explanation-2: -(ONGC) has become the first Exploration and Production (E&P) company in India to trade domestic gas on Indian Gas Exchange.

Detailed explanation-3: -The Indian Gas Exchange (IGX), India’s first authorised Gas Exchange, has received approval from Petroleum and Natural Gas Regulatory Board (PNGRB) to trade domestic gas on its platform. IGX will launch the domestic gas trading starting 16th May 2022.

Detailed explanation-4: -ONGC has made history by becoming India’s first exploration and production (E&P) company to trade domestic gas on the Indian Gas Exchange. Key Points: ONGC Director (Onshore) & In-charge Marketing Anurag Sharma made the first online trade on India’s first automated national level Gas Exchange, IGX.

Detailed explanation-5: -IGX is introduced as a fully functional natural gas trading exchange for the first time in India.

There is 1 question to complete.