Natural Gas: Current Affairs, GK & News - 2020-2021

Natural Gas Marketing Reforms approved by the Union Cabinet

Published: October 7, 2020

On October 7, 2020, the Union Cabinet chaired by Prime Minister Narendra Modi approved the natural gas marketing reforms. The reforms aim to fix the gas prices in the market through transparent and competitive processes. Natural gas marketing reforms E-Bidding Platform: The main objective of the reforms is to provide standard procedure for the sale ..

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Indian Gas Exchange

Published: June 16, 2020

The Indian Gas Exchange (IGX), the first nationwide online delivery-based gas trading platform was inaugurated in an e-ceremony today.  IGX will be a delivery-based trading platform for the delivery of Natural Gas. Incorporated as a wholly-owned subsidiary of the IEX – India’s energy market platform, IGX will enable market participants to trade in standardized gas contracts. ..

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India’s first gas trading platform launched

Published: June 15, 2020

On June 15, 2020, the Indian Energy Exchange launched the first gas trading platform. The platform was inaugurated by the Minister of Petroleum and Natural Gas Dharmendra Pradhan. Highlights The Indian Gas Exchange, the online gas trading platform will act as a subsidiary of Indian Energy Exchange and is to be launched in July 2020. ..

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Assam Baghjan Oil Well Fire

Published: June 10, 2020

On June 9, 2020, a massive fire engulfed the Baghjan oil well of Assam. The well of the Oil India Limited had blown out on May 27, 2020 and has been leaking gas for the past 14 days. Highlights The accident is causing huge damages and is leaking gas. The smoke from the site could ..

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UAE discovers new natural gas field

Published: February 6, 2020

The United Arab Emirates (UAE) recently announced that it has discovered a new natural gas field with 80 trillion standard cubic feet of shallow gas resources. The new gas field was named ‘Jebel Ali gas field’. The field is located between the territories of Dubai and Abu Dhabi and reported to span around 5,000 square ..

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