West India Marker LNG (Platts) Futures
Fueling one of the biggest economies. As one of the strongest and fastest growing economies in the world, India’s energy demand has been rising. With a population of 1.4 billion, making energy secure and affordable is key in supporting its astronomical growth.
Access a global market
In a bid to diversify its energy mix, the Indian government aims to increase the share of natural gas from 6% to 15% by 2030.
Based on the Platts West India Marker (WIM) Liquefied Natural Gas (LNG) price assessment, our WIM LNG (Platts) financially-settled futures contract is another landmark in the liberalization of natural gas markets, providing participants with critical risk management as demand in India and the Middle East grows.
LNG has proved crucial in supporting countries with developing infrastructure. The WIM LNG (Platts) futures, as a contract focused on South and West Asia, is an important milestone in the development of natural gas markets east of Suez and will complement the already established Japan Korea Marker (JKM) LNG contract, which has become a leading natural gas benchmark for North East Asia.