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Indian Gas Exchange Ltd. (IGX) is India’s first automated national level Gas Exchange to promote and sustain an efficient and robust Gas market and to foster gas trading in the country. The exchange features multiple buyers and sellers to trade in spot and forward contracts at designated delivery points. IGX is a neutral and transparent market place where both buyers and sellers trade Gas as the underlying commodity. The contracts traded at Exchange are for compulsory specific physical delivery and settlement of the trade are subject to the condition that such contracts are non-transferable in nature and without any netting-off thereby. IGX enables efficient and competitive discovery of gas prices and one of its most important objectives is also to maintain market integrity.

IGX started operations on 15th June 2020 as Gas Trading Platform and has been operating as the Gas Exchange since 10th December 2020. The Exchange operates under the regulatory framework of Petroleum and Natural Gas Regulatory Board (PNGRB).