Uniform transmission tariff will boost liquidity, ensure robust price discovery: Rajesh Mediratta, IGX
A uniform transmission tariff in the gas market will ensure more liquidity and active participation of industry players resulting into effective and robust price discovery, according to Rajesh Kumar Mediratta, Director at Indian Gas Exchange (IGX), the country’s first gas trading platform launched Monday.
“Tomorrow if there is a uniform gas transmission tariff policy across the country, then there will be one virtual hub for quoting the price which will facilitate more active participation, more liquidy and more competition leading to an effective and robust price discovery,” Mediratta told ETEnergyworld in an interview.
At the launching ceremony of the IGX platform, oil minister Dharmendra Pradhan said that the downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) will soon announce a new “pro-business” tariff policy for gas transport. Speaking on the move, Mediratta said that this is a very suitable move as reforms in transportation of gas will give a boost to trading through exchange
