IGX aims to quadruple gas trading volumes by 2030

New Delhi: Indian Gas Exchange (IGX) aims to quadruple the volume of gas traded on its platform over the next five years, driven by expanding distribution infrastructure and an anticipated sharp fall in global gas prices that is expected to boost domestic demand.

IGX, the country’s only physical delivery-based gas trading platform, set up five years ago, aims to trade volumes equivalent to 7% of India’s total natural gas consumption by 2030, chief executive Rajesh Mediratta said on Wednesday. The current share stands at about 2.8%.

According to IGX projections, India’s gas demand is expected to rise to 297 million standard cubic metres a day (mscmd) by 2030 from around 190 mscmd currently. In calendar year 2025, volumes traded on IGX averaged 5.4 mscmd, up 62% from a year earlier. A 7% share in 2030 would mean a volume of 21 mscmd.


IGX projects spot LNG prices to fall to $6–8 per mmbtu by 2030 from about $10 per mmbtu currently, driven by large capacity additions at global LNG export facilities, particularly in the US and Qatar. The price decline would make LNG more affordable for Indian buyers and lift overall gas demand, Mediratta said.

The expansion of city gas distribution networks and trunk pipelines is also expected to bring more consumers into the gas ecosystem. Increased reliance on the spot gas market by power producers and industrial users will further support volumes on the exchange.

Reforms such as bringing natural gas under the GST framework, introducing a new pipeline access code, establishing an independent system operator, and allowing more domestic gas to be traded on exchanges will provide an additional boost to volumes, Mediratta said.

IGX also plans to launch a new platform that will allow LNG importers to view real-time capacity availability at import terminals, simplifying access and deepening the gas market. In addition, it aims to set up a platform for LNG trading tailored to small buyers in the country.