This surge is attributed to decreased Administered Pricing Mechanism (APM) gas allocations to the City Gas Distribution (CGD) sector and elevated global LNG prices, which have collectively driven market participants to seek alternative sources of supply.
The Gas Index for October 2024 (GIXI) stood at Rs 1098/ $13 per MMBtu, reflecting a 4 per cent decrease from the previous month. Regional variations were observed, with GIXI-South at Rs 986/ $11.7 per MMBtu and GIXI-West at Rs 1102/ $13.1 per MMBtu.
In contrast, international gas benchmark prices showed an upward trend, with the Henry Hub (HH) averaging ~ $2.6/ MMBtu (up by 9 per cent MoM) and the Title Transfer Facility (TTF) at $12.9/MMBtu (up by 13 per cent MoM). The LNG benchmark index for WIM-Ex Dahej settled at ~14.3 $/ MMBtu, a 1 per cent MoM decrease.
Esta historia es de la edición November 08, 2024 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 08, 2024 de Millennium Post Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Shami: India's extra cover
Bumrah-less India hope for pacer's wrist magic to reclaim CT
Adarsh talks about his filmmaking ambitions
'Storytelling has always fascinated me,' says the 'White Tiger' star
India's gold imports rise 40.79% to $2.68 billion in Jan: Govt data
India's gold imports, which have bearing on country's current account deficit, jumped 30% to $45.54 bn in FY24
Haryana Suffers Rs 5,000 Cr Loss Due To Illegal Mining: Hooda
Former Haryana Chief Minister Bhupinder Singh Hooda has said that the CAG report has made startling exposure that the state has \"suffered a revenue loss of Rs 5,000 crore during the last one year due to illegal mining\".
'Not party's views': Cong distances from Pitroda's remarks on China
BJP says Pitroda's comments, 'voter turnout' funding make clear agenda of harming India
Govt Mulling To Raise Deposit Insurance Limit Above ₹5 Lakh: Official
The government is \"actively considering\" raising the deposit insurance limit beyond the current Rs 5 lakh, a top Finance Ministry official said on Monday.
Gyanesh Kumar appointed new CEC
RAHUL GANDHI'S DISSENT ON COMMITTEE COMPOSITION OVERRULED
Delhi records second-warmest day of season
Delhi witnessed the second-hottest day of the season on Monday, with the maximum temperature recorded at 29 degrees Celsius, 4.6 notches above normal, according to the India Meteorological Department.
Trump asks SC to let him fire US agency head
Justices asked to step in on emergency basis
Hry: New civic govt to 'ensure fast-tracked development'
Haryana Chief Minister Nayab Singh Saini said that in order to ensure the benefits of government schemes reach every household, a third level of city government in the form of Municipal bodies will now be formed in the state.
