Mumbai, July 6 (IndustrialPunch Desk): The Indian Gas Exchange (IGX) reported a strong performance in the first quarter of FY2026-27, with traded gas volumes reaching 27.48 million MMBtu (692.70 MMSCM). This marks a 47.94% quarter-on-quarter (QoQ) increase and an 11.91% year-on-year (YoY) growth, reflecting improving liquidity and growing participation in India’s gas trading market.
During the quarter, 52.61% of the traded volumes comprised free market gas, while 47.39% consisted of domestic High Pressure High Temperature (HPHT) gas priced at the government ceiling rate. A total of 434 trades were executed during the quarter.
June Trading Crosses 8.19 Million MMBtu
In June 2026, IGX recorded a monthly traded gas volume of 8.19 million MMBtu (206.41 MMSCM). While volumes declined 23.87% month-on-month (MoM), they more than doubled with a 103.38% year-on-year increase.
Around 51.03% of the traded volume comprised Domestic HPHT gas purchased primarily by City Gas Distribution (CGD) companies to meet their Domestic PNG and Transport CNG requirements. The remaining 48.97% was free market gas.
Producers traded approximately 17.22 MMSCM of domestically produced gas with pricing freedom at delivery points including Bokaro (CBM), Jaya, Suvali, and Hazira-ONGC.
Gas Deliveries and Price Index
Exchange-based deliveries during June stood at 9.46 million MMBtu, equivalent to 7.94 MMSCMD.
IGX’s benchmark gas price index, GIXI®, averaged ₹1,767 ($18.61) per MMBtu during June, remaining almost unchanged from the previous month while registering a 78.72% YoY increase.
- GIXI® West: ₹1,768 ($18.62) per MMBtu
- GIXI® East: Down by 1.27%
- GIXI® Dahej: ₹1,786 ($18.81) per MMBtu, up 1.34% over the previous month.
Expanding Market Infrastructure
IGX currently facilitates gas trading across 19 delivery points, including:
- 6 LNG terminals
- 9 domestic gas field landfall points
- 4 pipeline interconnection points
The exchange offers delivery-based trading through 10 standardized natural gas contracts, including Intraday, Day-Ahead, Daily, Weekday, Weekly, Fortnightly, Monthly (up to 12 months), Balance of Month, and Long Duration Contracts (3-Month & 6-Month) linked to benchmark indices such as GIXI®, JKM®, WIM® and Dated Brent.
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