PRISMA and IGX Join Forces to Foster Innovation and Transparency in Natural Gas Markets
Mumbai: PRISMA European Capacity Platform GmbH (PRISMA) and Indian Gas Exchange Limited (IGX) have signed a Memorandum of Understanding (MoU) to collaborate on developing modern, transparent, and efficient gas markets. The partnership aims to leverage European and Indian expertise to drive innovation and transparency in natural gas markets.
Key Areas of Collaboration
The MoU outlines three key areas of collaboration:
- Knowledge Sharing and Training: Joint workshops, training programs, and capacity-building initiatives for regulators, operators, and market participants to enhance their skills and knowledge.
- Platform Development: Exploring best practices in digital solutions for booking and trading natural gas and LNG infrastructure to support efficient market operations.
- Regulatory Dialogue: Exchanging insights on regulatory frameworks to support market transparency and efficiency, promoting a robust and competitive gas market.
Rajesh Kumar Mediratta, MD & CEO of IGX, emphasized the importance of digital solutions in India’s natural gas sector, stating, “India’s natural gas sector is at a turning point, and digital solutions will play a key role in ensuring transparent and efficient growth.”
Götz Linke, Managing Director of PRISMA, added, “PRISMA was founded to create transparent and fair access to Europe’s energy infrastructure. We are proud to share our expertise with IGX and support India on its journey towards building a modern, competitive gas market.”
