Contracts, pricing, the daily plan, pipeline charges, exposure and hedging — cut to the shape of your book. Built by people who run a live gas book, for traders, aggregators, city gas distributors and large industrial consumers.
Indian gas is priced by formula, moved on a unified-tariff grid and billed in more than one unit. MMBtu Desk was built inside that market — not adapted to it.
Domestic ceiling prices, crude oil indices, gas indices, spot LNG and a customs duty line — every contract prices differently. The desk builds each price leg by leg so you always see the landed cost.
Unified tariff revisions, zonal ratios and entity-wise splits are applied from their effective date of applicability — SCM and MMBtu reconciled at your contracted GCV.
The hedge, the physical schedule and the invoice read the same book. Exposure is known before the gas day, not discovered after month end.
Two desks for the end-to-end commercial and operational well-being of your natural gas ecosystem — built for operational ease and informed pricing decisions. Each company runs MMBtu Desk on its own server.
Whether you sell gas or only consume it, one flow carries you from requisition to settled invoice.
Contracts, nominations, allocations and imbalances — the molecules, where they are and who owes what.
Exposure by index and tenor, hedges, margin and mark-to-market — what the book is worth today and tomorrow.
Raise a requisition or punch a deal once. The volume, the price formula, the hedge and the invoice — payable or receivable — all inherit from it.
No login needed. Rates and factors are editable — check them against your contract.
A short desk note every morning — crude oil and LNG, what moved and why it matters to an Indian book.
Oil is pulled between two headlines. President Trump says Russia and Ukraine have agreed an energy ceasefire, but he has made the same claim before, and President Zelenskyy then said no deal had been finalised. The Middle East, meanwhile, keeps escalating. The Houthi strike on Riyadh's main international airport, the deadliest single attack on Saudi Arabia since the Iran war began, all but halted flights and sent the capital's financial district to remote working. It shows how far Iran-backed groups can now reach into the kingdom's energy and economic infrastructure, and the risk premium has risen with it.
The Trump–Putin diesel agreement is the bearish counterweight, but a modest one. The first tranches cover only a fraction of what Russia exported each month before Ukraine stepped up its refinery strikes, and it is unclear whether damaged Russian refineries can deliver on schedule. European allies have rejected the deal, and Ukraine initially signalled it would keep hitting Russian energy assets. Diesel itself stays acutely tight and well above seasonal prices. The IEA has urged members to speed up emergency stock releases and assess whether more volumes are needed, while the G7 release framework, large on paper, is broadly read as existing commitments rather than new barrels.
Major producers have reportedly restored crude exports through Hormuz to near pre-conflict levels. Renewed tanker attacks, Houthi strikes inside Saudi Arabia and damage to the East-West pipeline show how quickly that could reverse. For an Indian book, crude-linked slopes stay exposed to headline risk in both directions.
A handful of LNG cargoes have made it through Hormuz in recent weeks, but the corridor cannot yet be counted on. Asian spot demand has eased a little, with a few US cargoes diverting to Europe as some buyers step back, though Southeast Asian buyers are still active in tenders and the lull looks temporary. The tightness is pushing Asian buyers toward longer-term contracts. Australia's planned domestic gas reservation law, which could make producers keep a meaningful share of output at home, adds uncertainty over one of the market's key swing suppliers.
Europe needs the cargoes. Storage is well below the five-year average for the time of year, and modelling by Europe's gas grid operators shows a cold winter could draw inventories down to critically low levels by the end of the heating season. Norway adds to the pressure: an unplanned outage at Gullfaks comes on top of planned maintenance at Troll later this month, cutting pipeline flows just as refilling matters most. LNG imports are running well above the five-year average to make up for lost Russian pipeline gas and disrupted Gulf supply.
Shipping reflects the split market. Pacific vessel earnings remain well above Atlantic rates, while netbacks for US exporters currently favour Europe, so the two regions are competing directly for Atlantic cargoes. That contest is likely to sharpen into winter. Mild, low-wind weather in northwest Europe next week and a strengthening El Niño offer some relief on heating demand, but with storage this low and supply risks piling up, the balance stays tight and very sensitive to any new disruption. For Indian buyers, competing with Europe for Atlantic cargoes is likely to keep spot offers firm into winter.
MMBtu Desk Private Limited was started by people who ran a live Indian gas book and got tired of reconciling three systems and a spreadsheet every month. The software is the desk we wished we had — priced in rupees, nominated in SCM, hedged in MMBtu.
Every client runs their own server. Your book never shares a database with anyone else's.
Tell us about your book and we'll walk you through the Risk Desk and Gas Desk on your own numbers.