Mumbai, Thursday, October 08, 2026: H1FY’27: Indian Gas Exchange Limited (IGX), during the first half of the fiscal year 2027 traded a record volume of 69.52 Mn MMBtu (1751.88 MMSCM), the highest-ever half-yearly volume on the exchange, marking a 70.78% increase on a year-on-year basis. During H1FY’27, out of the 69.52 Mn MMBtu traded volume, around 57.13% was free-market gas and 42.87% was domestic HPHT gas at the ceiling price. A total of 1,351 trades were executed in H1FY27. The most liquid contract was the monthly contract, accounting for 49.11% of the total volume, followed by BoM (balance of month) (18.62%), daily (9.31%), day-ahead (8.43%), intraday (4.74%), weekly (4.07%), fortnightly (3.74%), and 3 month-long duration contracts (1.98%). The most active delivery point was Gadimoga (31.82% of total trades), followed by Dabhol (20.07%).
September’26 – In September’26, IGX achieved a monthly traded gas volume of 17.76 Mn MMBtu (447.64 MMSCM), up by 208.22% YoY and by 40.62% MoM. Approximately 27.77% of the traded volume comprised of domestic HPHT gas, all procured by CGDs for their D-PNG & T-CNG demand, while the remaining 72.23% was free market gas. Nearly 31.69 MMSCM of domestic gas with pricing freedom was traded by private sector producers at Jaya, Hazira and Coal Bed Methane (CBM) block at Shahdol and by a public sector producer at Suvali and Bokaro CBM block.
Exchange traded deliveries were 18.11 Mn MMBtu (15.21 MMSCMD) during the month.
September 2026 recorded IGX’s highest-ever monthly traded volume, surpassing the previous high of 15.86 Mn MMBtu in April 2025. Power sector traded 10.36 Mn MMBtu during the month.
Of the 12.83 Mn MMBtu of free market gas traded in September, the power sector accounted for 10.36 Mn MMBtu, with 65.75% of power sector volumes traded under balance of month (power) contracts and 30.32% traded under intraday and day ahead contracts.
Indian Gas Exchange’s benchmark gas price index, GIXI®, for September 2026 stood at [₹2,712/$28.41] per MMBtu, up by 29.02% MoM & by 160.77% YoY.
GIXI®-West in September was [₹2,738/$28.67] per MMBtu, up by 29.27% MoM, whereas GIXI®-East stood at [₹1,962/$20.55] per MMBtu, down by 1.95% MoM.
GIXI®-Dahej for September 2026 was [₹2,477/$25.95] per MMBtu, 15.42% up compared to previous month.
As of September 2026, IGX 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 product portfolio includes suite of 10 standardized natural gas contracts as of September 30, 2026, including (i) fixed price contracts (intra-day, day-ahead, daily, weekly, weekday, fortnightly, monthly, and balance-of-month), and (ii) index-linked contracts (three-month and six-month).
