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IGX eyes 5% of total spot LNG and domestic gas trade on its exchange

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

Topics
natural gas | gas trading exchange | Indian gas market

Twesh Mishra  |  New Delhi 



Sixty per cent of gas demand in India is from fertiliser, power and city gas in descending order
Since its launch in June 2020, around 2 million standard cubic meters of Natural Gas have been traded on the Gas Trading Platform.

The Indian Gas Exchange (IGX) will be looking to increase its share in the country’s trade. This may be done by allowing some domestically produced gas that is under the administered pricing regime, to be traded on the exchange.

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First Published: Fri, January 08 2021. 14:01 IST

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