NSE Launches India's First Domestic Benchmark-Based Natural Gas Futures

NSE Launches India's First Domestic Benchmark-Based Natural Gas Futures

• Launched by: National Stock Exchange announced July 2026, trading from 27 July 2026.
• Product: Indian Natural Gas Futures - India's first exchange-traded energy derivative linked to domestic benchmark.
• Symbol: NATGASIND, approved by SEBI for trading in Commodity Derivatives Segment.
• Benchmark: Linked to Indian Gas Exchange [IGX] Gujarat hub price, quoted in Rs per mmBtu [Metric Million British Thermal Units], final settlement based on monthly weighted average price of actual IGX deliveries.[Dahej]
• Contract Specs: Trading unit 250 mmBtu, available Mon-Fri, managed by NSE Clearing via clearing, settlement, margin mechanisms. Cash-settled.
• Significance: Provides gas producers, consumers, traders, power companies domestic benchmark instrument to manage price volatility and improve market efficiency.
• About NSE: Estd 1992, HQ Mumbai.
• UPSC Relevance: GS3 - Energy, Commodity Derivatives, Natural Gas market, IGX.