The average price of natural gas on the Indian Gas Exchange (IGX) has more than doubled from April 2021 and is currently trading at around $13.80 per million British thermal units (mBtu) in September 2021. According to IGX data, the weighted average price of gas sale in April 2021 stood at $6.1 per mBtu. The price has been on a steady rise every subsequent month and closed August 2021 at 12.5 per mBtu.
The volume of trade on IGX has grown significantly compared to last financial year. The total volume traded in 2020-21 stood at 193,700 mBtu. This has risen 489 per cent to 1,140,450 mBtu till September 2021 during financial year 2021-22.