New Delhi: Gas traded on the Indian Gas Exchange Limited (IGX) rose sharply in January 2026, with volumes reaching 8.4 million MMBtu (212 MMSCM), marking a 50 percent increase month-on-month and a 17 percent rise year-on-year, the exchange said on Wednesday.
IGX attributed the increase in traded volumes primarily to higher demand from city gas distribution (CGD) companies and increased trading of domestic high-pressure, high-temperature (HPHT) gas.
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Of the total gas traded during the month, 84 percent comprised domestic HPHT gas priced at the administered ceiling price of Rs 878 or USD 9.72 per MMBtu, while free-market gas accounted for 16 percent of volumes.
Nearly 8 MMSCM of domestically produced gas with pricing freedom was traded at delivery points including Bokaro (CBM), Jaya, KG Basin and Hazira-ONGC, the exchange said.
IGX’s benchmark Indian Gas Index (GIXI®) for January 2026 stood at Rs 962 or USD 10.6 per MMBtu, down 3 percent month-on-month and 21 percent year-on-year, reflecting increased domestic supply.
This came even as international gas prices moved higher on a monthly basis due to extended winter conditions and geopolitical factors, with European and Asian spot benchmarks posting month-on-month gains.
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Dahej emerged as the most active delivery point for free-market gas, while Gadimoga recorded the highest activity for ceiling-price domestic gas.
A total of 145 trades were executed during the month, with fortnightly and monthly contracts accounting for the bulk of transactions. Exchange-traded physical deliveries stood at 3.2 million MMBtu, or around 2.6 MMSCMD, IGX said.