Indian gas exchange sees record trade in Dec
The Indian Gas Exchange (IGX) traded record 18,39,950mn Btu gas in December, up 134% month/month, it said on January 3.
The exchange also recorded the highest single-day trade of 554,150mn Btu on December 1. During the month, IGX delivered 12,36,350mn Btu of gas volume.
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Established in late 2020, IGX is India’s first automated national-level gas exchange for the physical delivery of natural gas. It offers trade in five contracts, including daily, weekly, weekday, fortnightly, and monthly delivery at five physical hubs.
IGX CEO Rajesh Kumar Mediratta recently told NGW that the exchange will soon begin to trade locally produced natural gas which will lead to more end-users participating as buyers.