IGX proposes launching LNG trading; PNGRB seeks public comments
The scope of exchange-based trading in India’s gas market could expand, as Indian Gas Exchange has proposed launching LNG trading on its platform. The Petroleum and Natural Gas Regulatory Board has invited stakeholders to share their views and comments on the proposal by 2 December 2026.
Highlights
- Indian Gas Exchange (IGX) has submitted a proposal to PNGRB to launch LNG trading, with IGX acting solely as a neutral trade facilitator.
- LNG trading would be limited to contracting parties under a Master Sale and Purchase Agreement (MSPA), with IGX having no role in clearing or settlement.
- PNGRB has invited public comments from stakeholders by 2 December 2026; regulatory approval could provide a formal platform for bilateral agreements in India’s gas market.
This article was translated from the original. Read the original version by our correspondent here.
LNG Trading Proposal and Consultation Process
According to a public notice dated 11 November 2026, the Petroleum and Natural Gas Regulatory Board received a letter from Indian Gas Exchange (IGX) proposing the introduction of LNG trading on the gas exchange platform. The notice states that IGX would act solely as a neutral trade facilitator under this arrangement, with no role in contracts, financial transactions, physical delivery, clearing, or settlement.Under the proposal, LNG trading would be limited to the contracting parties. The arrangement would follow a Master Sale and Purchase Agreement (MSPA) mutually agreed between the parties or an Exchange MSPA.
PNGRB has said that comments and suggestions may be submitted within 21 days of the date the notice is issued, that is, by 2 December 2026. Stakeholders can email their views to secretary@pngrb.gov.in with the subject line “Views/Comments on introduction of LNG Trading on Gas Exchange Platform,” or submit them in writing to the Secretary, PNGRB, at its address in New Delhi.
Impact on the Gas Market and Regulation
The proposal could be a step towards bringing LNG onto an organised exchange platform within India’s gas trading framework. If it receives regulatory approval, it could provide market participants with a formal trading channel within the framework of bilateral agreements.The notice also says that a copy may be sent to Indian Gas Exchange Limited at priyanka.nautiyal@igxindia.com. This public consultation indicates that the Board is gathering industry feedback before assessing the proposal’s operational framework and market impact.
Latest Natural Gas News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
