- IGX TRADES 1.44 MILLION MMBTU (~36 MMSCM) IN JANUARY’24, DECLINE OF 45% MoM
- GIXI – AVG. PRICE FOR GAS DELIVERIES DURING JANUARY’24 WAS RS 1001 /$12/MMBTU PER MMBTU; DECLINE OF 9% MoM
- TOTAL 127 TRADES EXECUTED DURING THE MONTH
The Indian Gas Exchange (IGX) traded 14,48,300 MMBtu (~36 MMSCM) gas volume in January, with 45%decrease on MoM basis.
A total of 127 trades were executed during the month. The maximum number of trades were executed in Daily contract, 57 trades; followed by Monthly & Weekly contracts of 20 and 20 trades respectively.
The most active delivery point for free market gas was Hazira. Other trading delivery points were- Dahej, Ankot, Suvali, Mhaskal & KG Basin.
During the month, the Exchange traded gas deliveries were 19,16,450 MMBtu (~1.6 MMSCMD).
GIXI (Gas Index of India) for January 2024 was Rs 1001/$12 per MMBtu, lower by 9% last month. GIXI- South was Rs. 879/$10.6 per MMBtu and GIXI-West Rs 1009/$12.1 per MMBtu. Different spot gas benchmark prices recorded were: HH at ~$2.7/MMBtu, TTF at ~$10 /MMBtu, whereas LNG benchmark indices were: WIM ~11 $/MMBtu.
IGX currently offers delivery-based trade in six different contracts such as Day-Ahead, Daily, Weekday, Weekly, Fortnightly and Monthly, under which the trade can be executed for six consecutive months.
The gas trade takes place at multiple delivery points, such as – Dahej, Hazira, Ankot, Mhaskal, Bhadhbhut, Dabhol, KG Basin, Gadimoga, Suvali. It
