IGX traded gas volumes at over 1.62 mmBtu in June
₹879 /$10.6 per MMBtu, lower by 7% last month. Different spot gas benchmark prices recorded were: HH at $2.4/MMBtu, TTF at $10 /MMBtu, whereas LNG benchmark indices were: WIM 11.5 $/MMBtu,“ reads a statement.
“IGX traded a total of 666,500 MMBtu domestic ceiling price gas at below ceiling price at Rs. 860 (volume weighted average price) during the month, complying with MoPNG notification dated 13.01.2023.
Priority sector allocation in Ceiling Price gas were, CGD (CNG + PNG) – 6% and others (CGD (I&C), Marketers) – 94%,“ it added. IGX presently offers delivery-based trade in six different contracts such as Day-Ahead, Daily, Weekday, Weekly, Fortnightly and Monthly under which the trade can be executed for six consecutive months.
The gas trade takes place at the multiple delivery points such as -- Dahej, Hazira, Ankot, Mhaskal, Bhadhbhut, Dabhol, KG Basin, Gadimoga, Suvali. It covers six regional gas hubs, namely, western hub, southern hub, eastern hub, central hub, northern hub, and north eastern hub across India.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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