The proposed collaboration with IGX is aligned with the country’s broader goal of increasing the share of natural gas in its energy basket and promoting market-based pricing mechanisms, NSE said.
The collaboration is subject to regulatory approvals, and NSE and IGX will work with stakeholders to ensure a smooth launch of the proposed derivatives contract, the exchange added.
India’s energy markets have seen heightened volatility in recent sessions amid global uncertainty, including renewed concerns over potential U.S. tariffs that have weighed on oil and gas stocks.
Natural gas futures could help producers, city gas distributors, power generators and industrial consumers hedge price volatility and support the development of a credible Indian gas price benchmark, the company said.
The Multi Commodity Exchange of India also offers trading in natural gas energy futures.
