IGX records 103% growth in gas trading volume in August

NEW DELHI: Indian Gas Exchange (IGX) achieved a monthly traded gas volume of 12.6 million MMBtu (318.3 MMSCM) in Aug, registering nearly 103% year-on-year growth.The surge can be attributed to the govt’s push towards piped natural gas for cooking purposes, with nearly 41% of the traded volume comprising domestic HPHT (high pressure, high temperature) gas purchased by city gas distribution companies to meet domestic PNG and transport CNG demand. The remaining 59% was free-market gas, the exchange said.Of the 7.4 million MMBtu of free-market gas traded in Aug, the power sector accounted for 1.3 million MMBtu, with 63% of the volumes traded under intraday and day-ahead contracts.Of the 318.3 MMSCM of total traded volume, nearly 40 MMSCM of domestic gas with pricing freedom was traded by private-sector producers at Jaya, Hazira and the coal-bed methane (CBM) block at Shahdol, and by a public-sector producer at Suvali and the Bokaro CBM block. Exchange-traded deliveries stood at 11.92 million MMBtu (9.69 MMSCMD) during the month.IGX said Aug witnessed the execution of the first long-duration contract trade in Shahdol and the first small-scale LNG trade in Kochi.IGX’s benchmark gas price index, GIXI, stood at Rs 2,102 per MMBtu, up more than 107% from Aug 2025 and 14.4% month-on-month, as global energy prices have surged amid the geopolitical situation arising from the West Asia conflict.IGX also onboarded three new proprietary members during the month, including Green Gas Ltd.The exchange operates across 19 delivery points, comprising LNG terminals, pipeline interconnection points and various domestic gas-field landfall points. During the month, Dahej recorded the highest trade volumes in the free-market category, IGX said in a statement.Get the latest Business News and Live updates. Download the TOI app.