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. ..
Natural Gas: GK, Current Affairs, Questions, Trivia and News
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 ..
Recent reports show that the level of carbon dioxide emission continues to grow despite the decline in coal consumption. The carbon dioxide emission is set to rise by 0.6% in 2019 according to the Global Carbon Project. Though this is lower than last year’s rate, the current emission rate will reach record high levels in ..
India’s first plant to convert paddy straw into Compressed Bio Gas (CBG) will come up at Gharaunda village in Karnal, Haryana. The biogas generated at the Indra Indraprastha Gas Limited (IGL) ‘s plant will be used as CNG in vehicles and as piped cooking gas and help fight menace of stubble burning in fields. The ..
A large fire broke out in a plant belong to Oil and Gas Natural Corporation (ONGC) located in Uran, Navi Mumbai. While the fire was successfully contained within two hours, it caused the death of five people and eight others were injured. What has happened? As per a statement put out by the ONGC, they ..
India’s second-biggest public sector oil refining and hydrocarbon marketing company, the Bharat Petroleum Corporation Limited (BPCL), is investing heavily in the development of the gas business. BPCL anticipates that the energy consumption of India will undergo a major change as the focus of consumers shifts to the cleaner sources of fuel in the upcoming time. ..
In order to meet its disinvestment targets, the Union Government is attempting to split one of India’s largest PSU, the Gas Authority of India Limited (GAIL). GAIL GAIL is India’s largest gas company. It has enormous stakes in piping, distribution, and transport of gas all around the company. Apart from its core business of gas, ..
The simple laws of economics threaten to doom the world’s remaining coal power plants. The culprit- renewables. What is happening? The rapid and sustained fall in the price of wind and solar costs has put the majority of the world’s coal fleet could be phased out for renewable energy. This will also save customers money ..