- IGX TRADES 2.89 MILLION MMBTU (73 MMSCM/2.4 MMSCMD) IN OCTOBER’23, DECLINE OF 29 % YoY
- GIXI – AVG. PRICE FOR GAS DELIVERIES DURING OCTOBER’23 WAS RS 1012 /$12.2/MMBTU PER MMBTU; INCREASE OF 7% MoM
- TOTAL 46 TRADES EXECUTED DURING THE MONTH
- EASTERN POWER DISTRIBUTION COMPANY OF ANDHRA PRADESH LIMITED JOINS IGX AS PROPRIETARY MEMBER
Mumbai, Monday, 06 November 2023: The Indian Gas Exchange (IGX) traded 28,98,950 MMBtu (~73 MMSCM/2.4 MMSCMD) gas volume in October 2023, with 46% decrease MoM and 29% YoY decrease.
A total of 46 trades were executed during the month. The maximum number of trades were executed in Monthly contract, 14 trades; followed by Daily & Weekly contracts of 12 and 10 trades respectively.
The most active delivery point for free market gas was Ankot and domestic ceiling price gas was traded at Gadimoga. Other trading delivery points were- Dahej, Hazira, Bhadbhut, Mhaskal & Suvali.
During the month, the Exchange traded gas flows were 58,33,250 MMBtu (~4.7 MMSCMD).
GIXI (Gas Index of India) for October 2023 was Rs 1012/$12.2 per MMBtu, higher by 7% last month. GIXI- South was Rs. 829/$9.96 per MMBtu (Ceiling Price) and GIXI-West was Rs 1012/$12.2 per MMBtu. Different spot gas benchmark prices recorded were: HH at ~$3/MMBtu, TTF at ~$14.5 /MMBtu, whereas LNG benchmark indices were: WIM ~16 $/MMBtu.
IGX traded a total of 3,20,000 MMBtu domestic ceiling price gas during the month.
Eastern Power Distribution Company of Andhra Pradesh Limited Joins IGX as Proprietary Member
A quick summary of the gas market during October’23 is as below:
- Total traded volume: 28,98,950 MMBtu
- Domestic ceiling price gas traded: 3,20,000 MMBtu
- Total no. of trades: 46
