Page 39 - Policy Economic Report - October 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 23: Global natural gas price trends ($/mmbtu)

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Sep-20
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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, September 2024 Price ($/MMBTU) MoM YoY
Natural Gas (%) change (%) change

India, Domestic gas price (Oct’24) 7.48 -4.71 -18.70

India, Gas price ceiling – difficult areas 10.16 2.94% 2.01%
(Oct’24-Mar’25)
8% 22%
GIXI (Gas index of India) price* 13.7 14.6% -13.6%
Henry Hub 2.28 -4.8% 2.0%
-0.6% 8.4%
Natural Gas, Europe 11.78

Liquefied Natural Gas, Japan 13.24

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

October 2024 Page | 38