IGX records 180% YoY surge in gas volume to 11.64 million MMBtu in July 2026
New Delhi, August 5
Indian Gas Exchange traded gas volume reached 11.64 million MMBtu in July 2026, marking a 42.05 per cent month-on-month increase and a substantial 180.09 per cent year-on-year rise. A total of 283 trades were completed during the trading period, according to official market data released by the exchange.
Domestic High Pressure High Temperature (HPHT) gas accounted for approximately 57.17 per cent of the overall traded volume, driven by City Gas Distribution (CGD) entities securing supply for D-PNG and T-CNG demand. Free market gas comprised the remaining 42.83 per cent of total volume traded during the month.
Producers traded nearly 23.72 MMSCM (million standard cubic meters) of domestic gas featuring pricing freedom across multiple key locations, including delivery points at Bokaro (CBM), Jaya, Hazira - ONGC, Suvali, and Shahdol. Exchange-traded physical deliveries for the month totalled 9.79 million MMBtu (7.95 MMSCMD).
The Indian Gas Exchange benchmark price index, GIXI, registered at Rs 1,837/USD 19.17 per MMBtu for July 2026. The index recorded an increase of 3.94 per cent MoM and jumped by 79.73 per cent YoY.
Regional indices exhibited varied price movements during the monthly period. GIXI-West settled at Rs 1,881/USD 19.63 per MMBtu, rising 6.41 per cent MoM, while GIXI-East recorded Rs 1,741/USD 18.16 per MMBtu, reflecting a slight decline of 0.30 per cent MoM. GIXI-Dahej stood at Rs 1,870/USD 19.51 per MMBtu, up by 4.67 per cent compared to the previous month.
During the operational period, IGX executed its initial trade at the Shahdol Delivery Point. The platform currently provides trading operations across 19 delivery points, comprising 6 LNG terminals, 9 domestic gas field landfall points, and 4 pipeline interconnections.
— ANI
Reader Comments
This is a positive signal for India's energy transition! 🎉 More gas trading means better price discovery and transparency. The new Shahdol delivery point is a welcome addition - it's good to see domestic production getting more market access.
180% YoY growth is impressive, but let's not forget the price angle. GIXI up almost 80% YoY - while volumes are good, if prices keep rising, industries dependent on gas might struggle. Need a balanced approach for sustainable growth. The MoM price increase of 3.94% also needs monitoring.
Finally seeing the gas exchange mature! From 19 delivery points to expanded trading - this is how energy markets should evolve. The west-east price difference (Rs 1,881 vs Rs 1,741) shows regional dynamics at play. Hope this leads to more efficient gas allocation nationwide.
The 42% MoM jump is noteworthy but I'm more interested in what this means for the broader economy. With 283 trades and expanding delivery points, the gas market is becoming more liquid. However, the high prices (USD 19/MMBtu) could impact fertilizer and power sectors that rely on gas. Need infrastructure push to reduce logistics costs.
Impressive growth numbers from IGX! The fact that HPHT domestic gas is driving 57% of volumes shows India's upstream sector is stepping up. The regional indices difference (GIXI-West vs East) reflects infrastructure constraints - worth addressing to optimize the market further.
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