IEX launches Indian Gas Exchange

The Indian Energy Exchange has announced the launch of Indian Gas Exchange (IGX), first nationwide online delivery-based gas trading platform.

Incorporated as a wholly owned subsidiary of the IEX, IGX will enable market participants to trade in standardised gas contracts. IGX will offer six market products beginning from day-ahead market and forward contracts including – daily, weekly, weekday, fortnightly and monthly at three physical hubs in Dahej, Hazira in Gujarat and Odoru in Andhra Pradesh to begin with while it is planned to add more hubs soon.

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