New Delhi: The Indian Gas Exchange (IGX) on Tuesday said it traded a record 40.7 million MMBtu of gas during the first half of FY26, registering a 72 per cent increase over the corresponding period last year.
Of the total traded volume, 42 per cent was free-market gas while 58 per cent was domestic high-pressure high-temperature (HPHT) gas sold at the ceiling price. A total of 1,031 trades were executed during the six-month period, IGX said in a statement.
The monthly contract accounted for 64 per cent of the total volume. Gadimoga remained the most active delivery point, contributing 44 per cent of total trades, followed by Dahej at 17 per cent.
In September 2025, IGX traded 5.8 million MMBtu of gas, up 88 per cent on a year-on-year basis. The rise was mainly driven by demand from the power sector, with 40 per cent of the traded volume coming from intraday and day-ahead contracts.
During the month, 81 per cent of the traded gas was free-market gas and 19 per cent was domestic HPHT gas priced at ₹889. Nearly 10.6 MMSCM of domestic gas with pricing freedom was traded by producers at Bokaro (CBM), KG Basin and Hazira-ONGC delivery points. Selan Exploration Technology Ltd became the fifth domestic producer to sell its gas through IGX.
IGX’s benchmark price index, GIXI, for September 2025 averaged ₹1,040 ($11.8/MMBtu), down 9 per cent year-on-year and up 3 per cent month-on-month. The trend mirrored global markets, where European and Asian spot gas benchmarks declined — TTF at $11/MMBtu, WIM-Ex Dahej at $12.1/MMBtu, while the US Henry Hub rose to $3/MMBtu.
A total of 176 trades were executed during the month. Dabhol was the most active delivery point for free-market gas, while Mallavaram led in ceiling-price gas trades. Other active points included Dahej, Jaya, Mhaskal, Gadimoga, KG Basin, Bokaro and Hazira-ONGC. Exchange-traded deliveries during the month stood at 6.6 million MMBtu.
During September, IGX signed a memorandum of understanding with PRISMA, Europe’s largest gas transport capacity booking platform, to promote transparency, efficiency and innovation in natural gas markets through combined European and Indian expertise.
