India's maiden natural gas exchange to start operations on Monday

Based on the IGX business model, each member will have to pay for its membership, an annual fee and a transaction fee.

Indian Gas Exchange (IGX), the country’s first natural gas exchange, will start operations on Monday at a time when a gas hub conceptualised during the first tenure of the NDA government is yet to become a reality. 

IGX, set up by the Indian Energy Exchange (IEX), will offer option of both just buying the product as well as purchase along with delivery. “For normal transactions, IGX will be charging a nominal fee of Rs 5 per unit, while for delivered transactions it will be charging Rs 7,” said a person close to the development. The delivered transactions will require ensuring pipeline