Six months after formally starting as a gas exchange, IGX has started discovering gas pricing for India that will help create a benchmark index for Indian gas market.
Rajesh Kumar Mediratta, director at IGX told FE that after starting with a very small quantity of 1,500 mmBtu in December last year, the trading gained momentum and now the volume on average is around 100,000 mmBtu of gas every month. Without the Covid-19 interruption, the volumes would have been double the current trade.
