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Rising global prices, cut in APM gas allocation behind higher trades
The exchange has with over 500 registered clients and 15 members
The Indian Gas Exchange is a subsidiary of the IEX - India's premier nationwide, automated electricity trading platform
Since its launch in June 2020, some 2 million standard cubic meters a day (mscmd) of natural gas have been traded on the Gas Trading Platform; current demand in India is around 160 mscmd
IGX will be offering a spot contract for the day ahead market, which means gas will be physically delivered the next day
The Narendra Modi government is looking into a plan to unbundle the gas transmission and marketing business of GAIL
The Minister also said that he would be soon putting up a note to the cabinet for its approval of a gas exchange
