The Indian Gas Exchange (IGX) is making significant strides in the Indian gas market by seeking regulatory approvals to introduce 3-6 month gas contracts benchmarked to international gas prices. This move is expected to enhance market liquidity and transparency. IGX has applied to the Petroleum and Natural Gas Regulatory Board (PNGRB) to launch long-duration contracts indexed to gas benchmarks such as FIXI and Platts, with an extended payment cycle. Additionally, the exchange plans to introduce green certificates for trading, aligning with the government's push for the mandatory use of 1 per cent compressed biogas (CBG) in city gas supplies. Furthermore, IGX has formed a partnership with Austria's Central Europeans Gas Hub to explore trading opportunities for natural gas and renewable gases like hydrogen and biomethane. The collaboration aims to leverage expertise from both markets to strengthen India's gas market and enhance energy security. Through this partnership, IGX and CEGH will focus on developing trading platforms for emerging green gases, supporting gas hub operations, and sharing best practices in natural gas trading. The ultimate goal is to foster market efficiency and create a liquid and transparent gas market environment in India.