India's IGX Gas Price Index Drops 11% YoY in Oct 2025; First ssLNG Trade Executed

Imagine a price tag for natural gas in India that people use to compare prices, called the IGX benchmark.

In October 2025, this price tag was 11% lower than the previous year and 6% lower than the month before.

This happened because not many people needed gas, and the gas from other countries was also cheaper.

In the same month, the total amount of gas traded on the exchange went down a lot because less gas was available from an area called KG Basin and the electricity companies didn't need as much.

But, a new thing happened: they successfully traded a smaller amount of liquefied natural gas (LNG) for the first time at a place called Hazira.

Some gas was sold at a set price, while other gas was sold at market prices.

More trades happened for gas that needed to be delivered monthly and weekly.