INDIA GAS EXCHANGE TODAY’S REALITY AND PATH AHEAD

Copernican Journal of Finance Accounting Pub Date : 2021-09-20 DOI:10.12775/cjfa.2021.002

C. Patel, Naresh K. Patel

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Abstract

This research aims to study structure, functioning and operational mechanism of India’s first gas exchange i.e. Indian Gas Exchange (IGX) which is a subsidiary of Indian Energy Exchange (IEX). Exploratory research is used to study and investigate conceptual framework and operational mechanism of IGX. The results of the study show that IEX has unveiled the nation’s first automated natural gas exchange trading platform called IGX for well organized and hefty Gas market and to stimulate gas trading in the country. IGX would lead India towards Gas Based Economy by designing and providing robust solution for natural gas trading and access. So far as price mechanism at IGX is concerned, it is dynamic and market driven which is based on Double-sided closed auction with uniform price mechanism. IGX plays an extremely important and fundamental role towards capitalizing a free market for gas. Clearing and Settlement system at IGX is structured and transparent. As IGX is purely electronic trading platform for natural gas which is considered as barometer of the India’s progressive policy as it integrates the entire energy value chain from gas production.

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印度天然气交易所今天的现实和未来的道路

本研究旨在研究印度首个天然气交易所即印度天然气交易所(IGX)的结构、功能和运行机制，该交易所是印度能源交易所(IEX)的子公司。探索性研究是对IGX的概念框架和运行机制进行研究和探讨。研究结果表明，IEX推出了全国第一个名为IGX的自动化天然气交易平台，用于组织良好和庞大的天然气市场，并刺激该国的天然气交易。IGX将通过设计和提供强大的天然气贸易和获取解决方案，引领印度走向以天然气为基础的经济。就IGX的价格机制而言，它是动态的、市场驱动的，以双面封闭拍卖为基础，统一价格机制。IGX在实现天然气自由市场资本化方面发挥着极其重要和根本的作用。IGX的清算和结算系统是结构化和透明的。IGX是一个纯粹的天然气电子交易平台，被认为是印度进步政策的晴雨表，因为它整合了从天然气生产到整个能源价值链。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Copernican Journal of Finance Accounting

自引率

0.00%

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审稿时长

13 weeks