NSE and IGX Partner to Launch Indian Natural Gas Futures

The National Stock Exchange (NSE) has announced a strategic partnership with Indian Gas Exchange Ltd (IGX) to roll out exchange-traded derivatives focused on domestic natural gas prices. This collaboration marks a pivotal move in India's gas sector, as confirmed by NSE.

Futures contracts will be linked to IGX's benchmark price index, known as GIXI, representing actual trade prices on the IGX platform. The Securities and Exchange Board of India (SEBI) has approved this launch, with the date for unveiling these innovative financial instruments to be disclosed soon.

NSE Chief Business Development Officer Sriram Krishnan highlighted the partnership as a major step forward in the country's gas ecosystem. The initiative aims to offer producers, consumers, and market intermediaries a transparent and efficient risk management tool while fostering greater liquidity and market efficiency in the sector.