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24-May-2024 17:00

Lac Crs 416.04 | Tn $ 5.01

24-May-2024

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Natural Gas

Natural gas is found in deep underground rock formations or associated with other hydrocarbon reservoirs in coal beds and as methane clathrates. Natural gas is simply referred to as gas, especially when compared to other energy sources like electricity.

Natural gas is used mainly in the industrial, commercial, transportation, and household sectors. The power and fertilizer sectors are the largest consumers of natural gas.

Domestic consumption growth has been satisfied through liquified natural gas (LNG) imports whose share in the country’s natural gas consumption is approx. 50 per cent. Thus, the Natural Gas in India has strong linkages to the Global Natural Gas prices.

Price affecting factors

  • Natural Gas inventory data
  • Weather conditions
  • Crude oil price trend
  • Demand scenario

 

NSE Natural Gas Brochure

Gas Industry Value Chain

NSE Natural Gas Specifications - Futures and Options on Futures

NATURAL GAS Regular
LOT SIZE 1250 mmBtu
SYMBOL NATURALGAS
QUOTATION ₹ per mmBtu  
CONTRACT CYCLE Monthly contracts
TRADING SESSION

Monday - Friday 9:00 am to 11:30 / 11:55 pm*

* Based on US daylight saving time period

SETTLEMENT

Futures: Cash Settled

Options: On NSE Natural Gas Futures

DUE DATE RATE(DDR) / FINAL SETTLEMENT PRICE (FSP)

Futures: Due date rate (FSP) shall be the settlement price, in Indian rupees, of the New York Mercantile Exchange’s (NYMEX)# Natural Gas (NG) front month contract on the last trading day of the NSE Natural Gas contract. The last available RBI USDINR reference rate will be used for the conversion. The price so arrived will be rounded off to the nearest tick.    

Options: Daily settlement price of underlying futures contract on the expiry day of options contract.

Disclaimer

CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN NSE PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO NSE PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY NSE PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE NSE PRODUCTS AND SERVICES. CME GROUP DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO NSE AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.  THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME GROUP AND NSE.

Updated on: 08/05/2024