Building Gas Based Economy-Workshop On IGX held

Hyderabad: A Workshop on Indian Gas Exchange (IGX’s) Natural Gas Trading Platform held at FTCCI, Red Hills in Hyderabad.

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IGX is India’s authorized natural gas trading exchange. IGX enables efficient and competitive discovery of gas prices and one of its most important objectives is also to maintain market integrity

Sri Himanshu Patel, an expert in energy markets was the chief guest. He gave strategic insights into natural gas trading and added a  great value to the discussions.

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His contributions to the IGX platform have been instrumental in fostering market-driven solutions and advocating for a robust natural gas ecosystem in India.

Indian Gas Exchange Limited (IGX) is India’s first natural gas exchange, offering players a national-level market for gas trade, said Himanshu Patel.

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The Exchange operates under the regulatory framework of the Petroleum and Natural Gas Regulatory Board (PNGRB), he shared.

The Government of India has set a policy target of increasing the share of natural gas in India’s energy basket from the current 6.5% to 15% by 2030, Mr Himanshu shared.

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Speaking further Mr Himanshu Patel said that the world average proportion of gas in the energy mix is currently at 23.5%. To undertake such an increase in the share of natural gas in India, it is imperative to drive investments in the overall gas economy value chain – including domestic production, re-gasification of imported LNG, transportation (pipelines) and end-use consumption (industrial, commercial and residential applications). The required investments, in turn, call for a market-based mechanism for gas pricing and allocation that can generate effective price, demand and supply signals. A market-based mechanism is possible if there is a transparent and neutral natural Exchange.

Additionally, Mr Himanshu said the Gas Exchange will also drive competition across the value chain, leading to innovative business models and efficient cost structures, thus supporting the overall affordability of gas.

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IGX’s Natural Gas Trading Platform is a crucial step toward enhancing transparency, efficiency, and competitiveness in India’s natural gas market said KK Maheshwari, Vice President of FTCCI

The Government of India and the Telangana State Government have been actively promoting initiatives to strengthen the natural gas sector, aligning with the broader vision of energy security and sustainability. The central government has expanded City Gas Distribution (CGD) networks, implemented a Unified Tariff System, and introduced the IGX to enhance price discovery and market

efficiency. Additionally, the National Hydrogen Mission and LNG infrastructure expansion have been prioritized to complement natural gas accessibility.

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Telangana has also taken significant steps by promoting gas-based industrial clusters, supporting green energy transition projects, developing an extensive pipeline network, and offering incentives for industries adopting natural gas under the TS- iPASS initiative KK Maheshwari said

This workshop serves as a platform for key stakeholders to discuss developments, challenges, and opportunities in India’s natural gas sector, the Vice President of FTCCI added.

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Giving his opening remarks Sri Vinod Kumar Agarwal, Chairman of Energy Committee, FTCCI said historically, natural gas has played a vital role in industrial development, dating back to ancient civilizations where it was used for heating and lighting.

Today, it remains a crucial energy source for manufacturing, power generation, and various industrial applications. Its advantages—such as cleaner combustion, cost-effectiveness, and versatility—make it an attractive alternative to conventional fuels, especially in high-heat industrial processes like metal smelting, cement production, and glass manufacturing.

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This workshop aimed at providing a comprehensive overview of the Indian Gas Exchange (IGX’s) Natural Gas Trading Platform, highlighting its role in facilitating natural gas trade, ensuring price transparency, and enhancing supply security.

Over 100 participants participated in the workshop.

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