Page 43 - Policy Economic Report_Mar'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 20: Global natural gas price trends ($/mmbtu)

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Feb-21
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Feb-25

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

Source- EIA, World Bank

Table 7: Gas price, February 2025 Price ($/MMBTU) MoM YoY
Natural Gas (%) change (%) change

India, Domestic gas price (Mar’25) 7.80 -1.76% -4.53%

India, Gas price ceiling – difficult areas 10.16 2.94% 2.01%
(Oct’24-Mar’25)
-0.8% 25%
GIXI (Gas index of India) price* 12.78 1.5% 143.6%
Henry Hub 4.19 4.6% 88.2%
-0.2% -3.5%
Natural Gas, Europe 15.34

Liquefied Natural Gas, Japan 13.16

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

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