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National Stock Exchange (NSE) on Wednesday, April 1, announced a collaboration with Indian Gas Exchange (IGX) to introduce exchange-traded derivatives based on natural gas traded and delivered on the IGX platform.

As part of this collaboration, NSE will launch Indian natural gas derivative contracts based on IGX’s benchmark Price Index GIXI (Gas IndeX of India). The contracts will be designed to reflect domestic gas market dynamics, with pricing linked to actual trades on the IGX platform, the exchange said in a press release.

The exchange back in January had said that it was in talks with IGX on collaboration for developing an Indian Natural Gas Futures contract.

As per the press release, NSE has received approval from the capital markets regulator, Securities and Exchange Board of India (SEBI), to launch the Indian Natural Gas Futures. The launch dates for the same will be communicated at a later date.

According to a report in The Hindu, the Mumbai-based exchange had received the said approval from Sebi to launch these contracts in February 2026. Furthermore, the report stated that NSE India Natural Gas futures would be monthly contracts, with 12 monthly contracts available for trading at any point in time.

The move comes at a time when the natural gas and crude oil prices are swinging sharply on the back of the ongoing conflict in the Middle East and fears around supply disruption through the Strait of Hormuz. The move is aimed at strengthening India’s domestic natural gas market and providing efficient risk management tools, according to NSE.

These contracts are expected to benefit gas producers, city gas distribution companies, power generators, fertiliser manufacturers, industrial consumers, traders and financial participants by enabling effective hedging against price volatility and improving long-term planning.

They also provide the financial institutions, exchange-registered brokers and investors with an investment tool to invest in the domestic natural gas market derivatives.

Commenting on this development, Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, said, “Our collaboration with IGX represents a significant milestone in the development of India’s gas ecosystem. The collaboration enables NSE to become the first-ever Indian Exchange to launch a domestic benchmarked Energy derivatives contract”

He further added that by introducing derivatives based on IGX benchmarks, we aim to create robust risk management tools that are closely aligned with the domestic physical gas market. "We believe that Indian Natural Gas futures will enhance market efficiency, deepen liquidity, and support the growth of a transparent and competitive gas market in India.”Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.

At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.

Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.

Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.

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