Market Beat
09-Jan-2026 10:53
NSE in talks with IGX to launch Indian Natural Gas Futures
The proposed contract will offer a transparent risk management tool by combining NSE's derivatives expertise with IGX's leadership in spot gas trading and price discovery. It is expected to help producers, city gas distributors, power and fertiliser companies and other consumers hedge price volatility and improve planning.
Sriram Krishnan, chief business development officer at NSE, said natural gas is emerging as a key transition fuel for India and a domestic futures contract would enhance price transparency, improve risk management and support the creation of a credible gas price benchmark aligned with Indian market fundamentals. He added that leveraging NSE's market infrastructure and IGX's physical market expertise would help build a futures product that is relevant, liquid and trusted across the gas value chain.
The proposed collaboration aligns with India's broader goal of increasing the share of natural gas in the energy mix. Subject to regulatory approvals, NSE and IGX said they will work with stakeholders to ensure a smooth launch of the contract.
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