Gas Trading Exchange

The exchange has with over 500 registered clients and 15 members

The Indian Gas Exchange is a subsidiary of the IEX - India's premier nationwide, automated electricity trading platform

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

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

The Narendra Modi government is looking into a plan to unbundle the gas transmission and marketing business of GAIL

The Minister also said that he would be soon putting up a note to the cabinet for its approval of a gas exchange