Page 42 - Policy Economic Report_Feb'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 14: Global natural gas price trends ($/mmbtu)

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Jan-21
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Domestic gas price Henry Hub Natural Gas Spot Price Natural gas, Europe Spot LNG price, Japan

Source- EIA, World Bank

Table 7: Gas price, January 2025 Price ($/MMBTU) MoM YoY
Natural Gas (%) change (%) change
8.77% 1.15%
India, Domestic gas price (Feb’25) 7.94
2.94% 2.01%
India, Gas price ceiling – difficult areas 10.16
(Oct’24-Mar’25) -0.2% 21%
37.2% 29.9%
GIXI (Gas index of India) price* 14.06 5.8% 53.3%
Henry Hub 4.13 -2.5% -14.0%

Natural Gas, Europe 14.66

Liquefied Natural Gas, Japan 12.33

Source- EIA, PPAC, World Bank, IGX
*Prices are weighted average prices (excluding ceiling price gas)

Table 8: Gas price, GCV Basis Domestic Gas calculated Gas price ceiling – difficult areas
Period price in US$/MMBTU price in US$/MMBTU
8.27
1-31 May 2023 7.58 12.12
1-30 June 2023 7.48 12.12
1-31 July 2023 7.85 12.12
1-31 August 2023 8.60 12.12
1-30 September 2023 12.12

February 2025 Page | 41