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.
Crude is holding its gains as supply threats escalate at the same time in the Middle East and Russia. The sinking of a container ship in the Strait of Hormuz, hit by unidentified projectiles, marks a serious step up in the threat to the world's most important energy chokepoint. More supertankers are now pausing, diverting or leaving the region altogether rather than approach the cargo transfer areas off the UAE and Oman, which risks slowing shuttle rotations in a tanker market that is already historically tight.
Gulf supply had recovered to well above three-quarters of pre-war levels in September, led by Saudi Arabia and record output from the UAE, which has handled the Hormuz disruption better than most regional producers. That recovery now looks fragile: as Iranian attacks on shipping intensify, tankers steering clear of the area could turn into a measurable fall in exports.
There is little cushion if they do. On-land crude inventories are near their lowest in at least a decade, and last week's sharp draw in US crude stocks, if official data confirm it, would be the biggest weekly fall in more than a year. Russia adds a second front: drone strikes were reported on two major refineries, and tit-for-tat attacks on energy infrastructure continue despite the nominal energy ceasefire. For an Indian book, thin inventories mean crude-linked slopes can move quickly on any new disruption.
Asian spot LNG has climbed to its highest since mid-September, when prices briefly touched a four-year peak, as the escalating conflict deepens concern over Gulf supply through Hormuz. The container ship sinking and continued Iranian attacks on tankers make the timing of any real supply recovery harder to call, and importers in Asia and Europe are competing harder for cargoes from other sources.
China is adding a strong demand push. Purchases by the world's largest LNG importer for October and November delivery suggest it has started rebuilding inventory ahead of winter, and buying at this pace would sharpen competition with European buyers racing to refill storage that remains well below the five-year average. South Asia is more mixed: buyers have been active in the spot market to replace lost Gulf supply, but the long price spike is straining public finances across several economies, and full-year regional LNG demand is now expected to fall well short of pre-war forecasts.
In Europe, the pause in the gas price rally looks technical rather than driven by new fundamentals. A cold winter could draw storage down to critically low levels by March, which keeps a floor under prices even if short-term profit-taking sets in. Germany is the most exposed, with storage around 60% full, well below the EU average; the government has told its state-owned procurement company to buy extra volumes, and a proposed consumer levy to fund an emergency gas reserve shows how seriously the risk is being taken. A cold front reaching northwest Europe by the weekend is the first real test of winter demand, and a sustained cold spell would speed up storage draws.
The Atlantic Basin offers partial relief. US exports are running well above last year, and routing economics still favour Europe over Northeast Asia, with LNG flows into northwest Europe well above the five-year average. But that balance is shifting as Asian buyers show more willingness to outbid European importers for spot cargoes. For Indian buyers, Chinese restocking and stiffer competition with Europe point to firmer spot offers into winter, even as high prices weigh on demand across South Asia.
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.