Indian Gas Exchange (IGX) has introduced long duration contracts (LDCs) ranging from 3 to 6 months, set to be available for trading from February 3, 2025.
The launch comes after receiving approval from the Petroleum and Natural Gas Regulatory Board.
The LDCs aim to provide market participants with enhanced flexibility in fulfilling their natural gas requirements. Buyers on the platform have the option to select either fixed pricing or pricing tied to IGX’s gas price index and international benchmarks.
IGX stands as the country’s first automated national-level gas exchange designed for the physical delivery of natural gas. Currently, it facilitates trades across 15 delivery locations including four liquefied natural gas terminals, three pipeline interconnection points and eight domestic gas field landfall sites.