Indian Gas Exchange

On 15th June, 2020, governmentof India launched the Indian Gas Exchange (IGX)–first nationwide online delivery-based gas trading platform.

Need

  • Domestically produced natural gas currently accounts for less than half the country’s natural gas consumption; imported Liquefied Natural Gas (LNG) accounts for the other half.
  • LNG imports are set to become a larger proportion of domestic gas consumption as India moves to increase the proportion of natural gas in the energy basket from 6.2% in 2018 to 15% by 2030.

Key Features of Indian Gas Exchange

  • IGX will be a delivery-based trading platform for delivery of natural gas.
  • Incorporated as a wholly owned ....
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