Global Markets

India to establish trading exchange for gas by October

India plans to establish a gas trading exchange as soon as October,
By Staff reporter 6 April 2018 0 30323

India plans to establish a gas trading exchange as soon as October, according to Reuters.

The exchange will be in preparation for a surge of new supply expected to arrive on India’s east coast from domestic production and the startup of a new LNG terminal, combined with additional LNG terminals coming online on the west coast.

The exchange will standardise gas prices so domestic prices are not set at a discount to international market rates.

India imports LNG at a significant premium to its domestic...