Newsletter
India’s first online gas trading platform, Indian Gas Exchange (IGX), is lining up for a market debut and could launch its IPO by December.
Think of IGX as a digital marketplace for natural gas, where trades happen online and delivery follows. It operates under PNGRB regulations and is backed by Indian Energy Exchange (IEX).
Right now, IGX handles just 2.75% of India’s 190+ mmscmd gas consumption, but it wants to scale to 5% by 2029 and 7% by 2030.
The timing is no accident. India’s gas demand is expected to climb sharply, reaching 297 mmscmd by 2030 and 495 mmscmd by 2040. The biggest fuel behind that rise is City Gas Distribution, like piped gas for homes and CNG for vehicles, which could make up 29% of demand by 2030 and 44% by 2040.
