IEX to launch trading platform Indian Gas Exchange; norms yet to be framed

IGX will be offering a spot contract for the day ahead market, which means gas will be physically delivered the next day

India’s leading power trading platform Indian Energy Exchange (IEX) has started looking for members and gas buyers for its natural gas trading platform, Indian Gas Exchange (IGX).

However, the Petroleum and Natural Gas Regulatory Board (PNGRB) is yet to come up with guidelines for gas trading in the country.

IGX would offer spot and forward contracts at Dahej, Hazira and Kakinada. While Petronet LNG (PLL) operates a liquefied natural gas (LNG) terminal at Dahej, Shell operates another one at Hazira. Kakinada is the landfall point for natural gas being produced at the Krishna Godavari basin.

IGX will be offering spot contract for the