India’s gas market August 2023: key performance indicators

Volumes traded on India’s gas exchange (IGX) increased by 317% MoM basis & 603% YoY due to an increase in spot buying interest from the buyers due to competitive prices at exchange compared to gas prices globally. A total of 74 trades were executed during the month. The maximum number of trades were executed in monthly contract, 36 trades; followed by Daily & Weekly contracts of 20 and 11 trades respectively.