IGX awaits regulatory reforms to meet mandate of expanding fuel access

The Indian Gas Exchange, which opened for business last year, is waiting for regulatory reforms to achieve its mandate of expanding access to the fuel

Indian Gas Exchange (IGX), a conduit to expanding the country’s access to gas, is hobbling along, waiting for policy and regulatory reforms from New Delhi to move into a fast lane. An exchange is typically a place where commodities or shares are traded freely enabling price discovery. But that’s still not the case with IGX, a key component of India’s strategy to vault natural gas use to 15 per cent of our energy mix by 2030 from 6 per cent now.

Traded volumes on IGX totalled 785 billion British Thermal Units (Btu) last month at an average price of $24.8