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India to launch maiden, automated natural gas trading platform on Monday

Oil Minister Dharmendra Pradhan will launch the Indian Gas Exchange (IGX) to kickstart natural gas trading

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Some of these contracts will be available on Day 1 of trading, that is June 15, while some will be introduced later

Press Trust of India New Delhi
India will on Monday get its very own natural gas trading platform that will help discover local market price for gas through transparent demand-supply matching.

Oil Minister Dharmendra Pradhan will launch the Indian Gas Exchange (IGX) to kickstart natural gas trading, official sources said.

IGX is India's first automated national level trading platform to promote and sustain an efficient and robust gas market and foster gas trading in the country.

The platform will feature multiple buyers and sellers trading in spot and forward contracts at designated physical hubs. IGX is a neutral and transparent market-place where both buyers and sellers

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First Published: Jun 14 2020 | 3:01 PM IST

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