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    Indian Gas Exchange's traded volumes up over 400% in September

Summary

The traded volumes declined month/month, however.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, News By Country, India

Indian Gas Exchange's traded volumes up over 400% in September

The Indian Gas Exchange (IGX) traded 14,91,700mn Btu of gas in September, up 414% year/year, it said on October 4. The traded volumes declined by 15.7% month/month, however.

IGX traded 59,38,350mn Btu of gas in the three months to September 30, up 501% yr/yr and 44% quarter/quarter. In the September quarter, trades at the western hub accounted for most of the volumes, where active delivery points were – Dahej, Ankot, Mashkal, Bhadbhut, Suvali, IGX said.           

Ratnagiri Gas Power Plant, BHEL and Coromandel International joined IGX as new clients last month.

The IGX in early May received approval from the Indian downstream regulator Petroleum and Natural Gas Regulatory Board to trade domestic gas on its platform. The exchange currently facilitates delivery-based trades in six different contracts such as day-ahead, daily, weekday, weekly, fortnightly and monthly.