India’s Gas Exchange Prepares to Launch Longer-Duration Contract

Indian Gas Exchange Ltd (IGX) is expecting approvals from regulators to launch a 3-6-month gas contract, which will be the longest-duration contract traded on IGX. The exchange is currently awaiting clearance from the Petroleum and Natural Gas Regulatory Board (PNGRB), IGX’s chief executive officer, Rajesh K Mediratta, said at a news conference on Friday, as carried by Reuters. IGX is India’s first automated national-level Gas Exchange to promote and sustain an efficient and robust gas market and to foster gas trading in the country,…