Oil & Natural Gas Corporation Ltd.

BSE: 500312 | NSE: ONGC
Large Cap | Oil Exploration
243.00
-4.15 (-1.68%)
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ONGC becomes first gas producer to trade on IGX

Date: 24-05-2022

Oil and Natural Gas Corporation (ONGC) has become the first gas producer to trade domestic gas on the Indian Gas Exchange (IGX), trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. The first online trade was made on May 23, 2022 by ONGC Director (Onshore) & In-charge Marketing Anurag Sharma on India's first automated national level Gas Exchange, IGX.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.