NSE launches India’s first natural gas futures based on a domestic price benchmark
Key facts
- NSE launched the contracts on 27 July 2026 after SEBI approval.
- They trade under the symbol NATGASIND.
- The price is based on the Indian Gas Exchange's Gujarat hub price.
- One contract covers 250 mmBtu of gas, priced in rupees.
- The contracts are settled in cash, not by delivering gas.
Why it matters
[First] Earlier gas futures in India tracked the US Henry Hub price. A local benchmark reflects Indian supply and demand. Gas users can now hedge price risk without relying on foreign prices.
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