NSE Launches India's First Domestic Benchmark-Based Natural Gas Futures
The National Stock Exchange (NSE) is set to launch India's first domestic benchmark-based natural gas futures on July 27. This move aims to enable transparent and India-centric price discovery for the domestic natural gas market.
The cash-settled contract will be based on the monthly weighted average price of actual deliveries on the Indian Gas Exchange during the contract month, excluding gas traded at ceiling prices, ssLNG transactions, and long-duration contracts.
The trading unit has been fixed at 250 mmBtu, with contracts available for trading from Monday to Friday. The underlying benchmark will be the Indian Gas Exchange's (IGX) Gujarat (Dahej) hub price, quoted in rupees per mmBtu, excluding transportation charges, taxes, and other fees.