January’26, IGX achieved monthly trade gas volume of 8.4 million MMBtu (212 MMSCM), volume up by 50% MoM & 17% YoY basis, the rise in volume was primarily due to CGD demand & domestic HPHT gas trade volume. Around 16% of the traded volume was free-market gas, while 84% was domestic HPHT gas at the ceiling price (₹878 or $9.72/MMBtu). Nearly 8 MMSCM of domestic gas with pricing freedom was traded by producers at Bokaro (CBM), Jaya, KG Basin, and Hazira-ONGC delivery points.
Indian Gas Exchange’s benchmark price index, GIXI®, for January 2026 was ₹962/$10.6 per MMBtu—down by 3% MoM & 21% YoY. Prices trended on a downward YoY basis, due to increased local supply. International prices trended upward MoM basis due to extended winters and geopolitical reason, with European and Asian spot gas benchmarks monthly average as follows: TTF at $13/MMBtu (up by 32% MoM, down by 19% YoY), WIM-Ex Dahej at $11.4/MMBtu (up by 8% MoM & down by 25% YoY), while US Henry Hub averaged at $4.1/MMBtu (down by 7% MoM, up by 10% YoY).