With an objective to promote uninterrupted and adequate supply of petroleum products and natural gas in all parts of the country, The Petroleum and Natural Gas Regulatory Board (PNGRB) Act 2006 recognized to promote competitive market for transportation, distribution and marketing.
Supporting Government’s policy target to increase the share of natural gas in India’s energy basket, MPL has lit the way by becoming First Trading and Clearing Member of newly formed Indian Gas Exchange. MPL also introduced the first gas consumer on the Gas Trading Platform and have most number of clients who are actively trading gas with us.
MPL became the first company to register 200+ clients on the IGX platform and achieved trading volume of 0.8 Million MMBTU till June 2021.
Products offered on IGX
Day Ahead Contract
Daily Contract
Weekly Contract
Week Day Contract
Fortnightly Contract
Monthly Contract
Services offered by MPL
Registration on IGX platform.
Transaction facility at the Gas Exchange Platform for purchase and sale of Gas.
Financial Settlement through MPL Account.
Sending Obligation Reports and Schedules for delivery of gas.
Advisory Services including bidding strategy and cost benefit analysis.
Market monitoring