Tag: IGX launches India’s First Gas Price Index


IGX launches India’s First Gas Price Index The Indian Gas Exchange (IGX) launched GIXI which is the first ever, nationwide price index to reflect benchmark natural gas prices for India. The index has been developed with the purpose to derive a single price for the country in line with international benchmarks. The Price Index was introduced in line with the Central Government’s vision of achieving 15% share of natural gas in India’s energy mix. Established in 2020, the IGX is India’s first automated national-level gas exchange for the physical delivery of natural gas. The gas trade takes place at multiple delivery points, such as - Dahej, Hazira, Ankot, Mhaskal, Bhadhbhut, Dabhol, KG Basin, and Gadimoga. It covers six regional gas hubs, namely, the western hub, southern hub, eastern hub, central hub, northern hub, and northeastern hub across India.