Page 35 - Policy Economic Report_Jan 25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 18: Global natural gas price trends ($/mmbtu)

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Dec-20
Feb-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, December 2024 Price ($/MMBTU) MoM YoY
Natural Gas (%) change (%) change

India, Domestic gas price (Jan’25) 7.30 0.14 -6.65

India, Gas price ceiling – difficult areas 10.16 2.94% 2.01%
(Oct’24-Mar’25)
10.2% 11%
GIXI (Gas index of India) price* 14.3 42.0% 19.4%
Henry Hub 3.01 -0.5% 20.4%
-0.5% -11.6%
Natural Gas, Europe 13.86

Liquefied Natural Gas, Japan 12.76

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 9.20 12.12
1-31 October 2023 9.96

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