Bengaluru, Wednesday, 04 December 2024: Gas IndeX of India (GIXI) for November 2024 was Rs 1,103/$13 per MMBtu, almost same as last month. GIXI-West Rs 1,106/$13.1 per MMBtu, GIXI- South was Rs. 1,048/$12.4 per MMBtu & GIXI-East was Rs. 1,028/$12.2 per MMBtu. All spot international gas benchmark prices recorded higher compared to last month: HH at ~$3/MMBtu (up 15% MoM), TTF at $13.8 /MMBtu (up 7% MoM), LNG benchmark index WIM – Ex Dahej ~15.2 $/MMBtu (up 6% MoM). Gas prices showed an upward trajectory due to increased demand in international markets amid winters.

During November’24, IGX traded 2.5 million MMBtu (63 MMSCM) gas volume, lower by 12% on YoY basis. Increase in gas prices domestically and in the international market meant that end consumers (including refineries) shifted to alternative fuels resulting in a decline in trade volumes.

A total of 131 trades were executed in November’24. The most active delivery point for free market gas was Mhaskal and Mallavaram for Ceiling Price gas. Other trading delivery points were- Dahej, KG Basin, Bokaro, Jaya, and Ankot. Around 32% of the total volume was traded at Dahej delivery. GIXI – Dahej (Nov-24) was ?1,106 or $13.1 / MMBtu, almost remained flat MoM. WIM-Ex Dahej settled price for Nov-24 was $13.9/MMBtu.

Around 84% of trade volume was free market gas and the remaining 16% domestic gas including 0.27 million MMBtu HPHT gas at ceiling price (?857 or $10.16/MMBtu) and 0.13 millon MMBtu domestic gas with pricing freedom at Bokaro (CBM) and KG Basin delivery points.

During the month, the Exchange traded gas deliveries were 3.6 million MMBtu (~3 MMSCMD).

Nayara Energy Limited joined as Proprietary Member during the month.

IGX currently offer trades at 15 delivery points. Out of which, 4 are LNG terminals, 3 are Pipeline Interconnection Points and 8 are domestic gas field land fall points & 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 twelve consecutive months. During the month, 61 trades (maximum number) were executed in Monthly, followed by 30 trades in Fortnightly, 18 trades in Weekly, 17 trades in Daily & 5 trades in Day-Ahead contract respectively.

The post GAS MARKET UPDATE, NOVEMBER 2024 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

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

The post Indian Gas Exchange (IGX) I GAS MARKET UPDATE, OCTOBER 2023 :: Media Release appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.