IGX Market Share in Gas Consumption Expected to Rise to 4-5% by 2030

The Indian Gas Exchange (IGX), run by the Indian Energy Exchange (IEX), is expected to gradually increase its contribution to India’s overall gas consumption, as per reports. At present, IGX accounts for about 2% of total gas use in the country. This figure is projected to rise to around 4-5% by 2030, according to recent estimates.

Market Share and Functioning

IGX operates an electronic platform that enables trading of natural gas among industrial users, city gas distributors, and power producers. The exchange allows buyers and sellers to trade short-term contracts for natural gas, providing flexibility in procurement and sales. Its growing use reflects a slow but steady shift toward exchange-based gas trading in the country.

Energy Mix and Demand 

The expected growth in IGX’s market share is in line with India’s goal to expand the share of natural gas in its energy mix. The government plans to raise the share of natural gas from the current 6% to about 15% by 2030. Expansion of pipeline networks and new import terminals are also expected to support higher gas usage and increase the role of gas exchanges in the coming years.

Policy and Price Environment

Gas prices have remained relatively stable over recent quarters, which has supported consistent trading activity on IGX. Policy measures for improving gas availability and access to infrastructure have further enabled market participation. The exchange has reported stable transaction volumes under these conditions.

Regulatory Context

Separately, IEX has been involved in a legal process concerning market coupling norms in the power sector. The Electricity Appellate Tribunal has directed the company to submit a revised plea and include entities such as Grid Corporation of India, Power Exchange of India, and Hindustan Power Exchange.

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Conclusion

IGX’s share in India’s total gas consumption is projected to reach 4-5% by 2030, showing gradual growth in gas trading through exchange-based mechanisms and a steady policy environment.

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