Gas Market Update for June 2025
The Indian Gas Exchange (IGX) has released its gas market update for June 2025. Here are the key highlights:
Gas Prices
- The Indian Gas Price Index (GIXI) for June 2025 was ₹989/$11.5 per MMBtu, down by 7% year-over-year (YoY) and 3% month-over-month (MoM).
- GIXI-West was ₹999/$11.6/MMBtu, higher by 1% compared to GIXI-All India.
- GIXI-East and South were lower by 5% and 4% respectively due to transmission and tax differential.
Traded Volumes
- IGX traded gas volume of 4 million MMBtu (101 MMSCM) in June 2025, lower by 8% YoY and 14% MoM.
- In Q1FY26, IGX traded a record gas volume of 24.5 million MMBtu (619 MMSCM), higher by 109% YoY and 22% quarter-over-quarter (QoQ).
Trades Executed
- A total of 130 trades were executed in June 2025, with 560 trades executed in Q1FY26.
- The most active delivery points for free market gas were Dahej and Mallavaram for Ceiling Price gas.
International Prices
- European and Asian spot gas benchmarks rose due to the Iran-Israel conflict.
- TTF was at $12.4/MMBtu (13% up YoY, 6% up MoM), WIM at $14/MMBtu – ex Dahej (5% up YoY & 8% up MoM), and US HH at $3.7/MMBtu (30% up YoY & 6% up MoM).
Other Key Highlights
- IGX executed its first trade in 6-month Long Duration Contract.
- Around 78% of traded volumes were free market gas, and 22% domestic HPHT gas at ceiling price.
- IGX currently offers trades at 21 delivery points, including 6 LNG terminals and 12 domestic gas field landfall points.
