India eyeing gas exchange start-up in October

India eyeing gas exchange start-up in October
Image courtesy of GAIL

India is eyeing the start of October as a deadline to establish a natural gas trading exchange as new supplies start flowing in through LNG terminal being set up on the country’s east coast.

India’s minister of petroleum and natural gas Dharmendra Pradhan is reported by Reuters as setting October 1, as a deadline for setting up the exchange.

The natural gas exchange is aiming to standardize prices in order to tighten the gap to international market rates.

Currently, India is importing LNG at prices around $7.5 per million British thermal units (mmBtu) while the domestic gas price is at $3.06 per mmBtu.

However, while the natural gas exchange will aim to reduce price difference related risks, it has not yet been unveiled how it will function in practice.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >