IGX: Gas Market Update for FY26
8th April 2026
During FY26, IGX traded highest ever gas volume of 76.8 million MMBtu (1,935 MMSCM), representing an increase of 28% on a year-on-year basis. Around 47% of traded volumes were free market gas & 53% domestic HPHT gas at ceiling price. A total of 1924 trades were executed in FY’26
The most liquid contract was the Monthly contract, 64% of the total volume trade in monthly contracts followed by Fortnightly (14%), Day-ahead (6%), Weekly (5%), Daily (5%), Intraday (3%), BoM (1%), 6M & 3 M (1%) respectively
The most active delivery point was Gadimoga (41% of total trade) followed by Dahej (22% of total trade)
During FY’26, the Exchange traded deliveries were 5.3 MMSCMD. IGX achieved a CAGR of 58.6% over the period FY22–FY26
IGX offers delivery-based trade in eight different spot contracts such as Intraday, Day-Ahead, Daily, Weekday, Weekly, Fortnightly and Monthly (upto 12 months), Balance of Month & two Long Duration Contracts - 3 Months and 6 Months linked to Benchmarks: GIXI®, JKM®, WIM® & Dated Brent®.
Indian Gas Exchange Limited (“IGX”) is India’s authorized gas exchange which provides a platform for natural gas trading. IGX provides a transparent, efficient, and competitive marketplace to trade in the spot and forward gas contracts at designated delivery points across six regional hubs. IGX facilitates efficient and transparent price discovery reflective of Indian supply and demand, showcased by its benchmark price index, GIXI®. The Exchange operates under the regulatory framework of Petroleum and Natural Gas Regulatory Board (PNGRB)
IGX Gas Hubs With Different Delivery Points
