The first-ever, national price index to reflect the benchmark pure gas price for India was unveiled on Wednesday by the Indian Gas Exchange (IGX), which is a subsidiary of the Indian Energy Exchange (IEX).
With the IGX Price Index, a single price for the country will be determined that is in line with international benchmarks like JKM, HH, WIM, and TTF, which are currently used as consultants for the costs of their respective protection regions.
The IGX Price Index is calculated for various hubs and supply factors, and because IGX costs are determined based on precise deliveries, it is representative of the actual market situation.
This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.
ALL INDIA LEGAL FORUM 