MoU signed for global hydrogen trading mechanism?
MOUs and Agreement
According to GIFT City, such an initiative is set to be the second-of-its-kind globally. Subsequently, a global hydrogen price index shall be launched, a benchmark that will play a role in price discovery and market information on the burgeoning green hydrogen market in India.The Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC) last Friday signed a memorandum of understanding to establish a global hydrogen trading mechanism in collaboration with GIFT City IFSC, a statement issued by the GIFT City said on Tuesday.
GSPC, along with IGX, will develop a mechanism to create an index for hydrogen and will attract global institutions to trade in IFSC.
According to GIFT City, such an initiative is set to be the second-of-its-kind globally.
Subsequently, a global hydrogen price index shall be launched, a benchmark that will play a role in price discovery and market information on the burgeoning green hydrogen market in India.
About GSPC (Gujarat State Petroleum Corporation):
Parent organizations: Government of Gujarat, Gujarat State Investments Limited
Founder: Government of Gujarat, Founded: 1979
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