Lack of access to Gujarat State Petronet’s transmission pipeline network has handicapped Indian Gas Exchange Ltd’s (IGX) growth story, according to a senior official at the exchange.
The platform’s Director Rajesh Mediratta told BusinessLine, that “With a pipeline network of 2,692 km in Gujarat, GSPL is among the three major pipeline entities for gas transportation along with market leader GAIL and Pipeline Infrastructure Ltd. IGX has signed a gas transmission agreement with Pipeline Infrastructure, and signs one with GAIL for every customer. But GSPL has not yet agreed to a GTA.”
“The basic premise of indiscriminate access to transport capacity is not being followed,” he felt. Without a GTA buyers in Gujarat who are directly connected to GSPL’s network have stayed away from the exchange.
“If GSPL allowed us to deliver natural gas to their customers, they would not be able to sell at the price that they are currently able to,” Mediratta added.