New Delhi: Indian Gas Exchange is working on one-year and two-year natural gas contracts and plans to set up an RLNG (regasified liquefied natural gas) capacity booking platform, its managing director and chief executive officer Rajesh Mediratta said.
On expanding operations, Mediratta said the exchange currently offers daily, day-ahead, weekly, fortnightly, monthly, three-month and six-month contracts, and is awaiting regulatory approval for the proposed one-year and two-year gas contracts.
He said the exchange is also looking to venture into trading of compressed biogas (CBG), renewable gas certificates (RGC) and petroleum products other than petrol, diesel and liquefied petroleum gas (LPG).
“IGX is also working on a hydrogen index which would reflect prices of green hydrogen in the country. It may be operational in the next financial year (FY27),” Mediratta said, adding that a platform for trading of green hydrogen would also be developed later.
The plans come as global natural gas supplies are expected to increase in the next couple of years, with new LNG facilities coming up in the US and Qatar, while demand in India, largely from city gas distribution and industrial sectors, is expected to grow.
India’s natural gas consumption weakened in FY26 so far, with usage in April–November at about 46,239 million standard cubic metres (mmscm), 6.7 per cent lower than a year earlier, Mediratta said. In FY25, consumption had risen 6 per cent to 71,314 mmscm, supported by power sector demand, he said.
