The average gas rate observed on the trade in the course of the month become ₹1,684 ($22) per MMBtu, even as the average international spot fuel fee averaged around $24
Indian Gas Exchange (IGX) on Wednesday stated its platform traded 14,ninety,450 mBtu (million British thermal gadgets), or around 37.6 MSCM (million widespread cubic meters), gas extent in May 2022, that’s a whopping 1,241 consistent with cent on a Y-o-Y foundation from 1,eleven,a hundred mBtu traded in May ultimate 12 months.
During the month, the exchange added 8,46,300 mBtu (round 21.3 MSCM) volumes.
“The average gas fee found on the alternate during the month became ₹1,684 ($22) in line with mBtu, whilst the average international spot fuel fee averaged round $24 in line with and the rate on the Henry Hub become around $8.2. The aggressive prices determined at IGX had been a real reflection of India’s gas call for and supply which includes the LNG lengthy-time period, spot, and domestic gasoline prices,” Indian Energy Exchange (IEX) stated in a statement.
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