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.
Pressure on two fronts, the Middle East and Eastern Europe, keeps a substantial risk premium in oil. Iran has stepped up attacks on commercial ships in the strait, including strikes on supertankers, and a growing number of very large crude carriers have reportedly stopped or turned back from the Persian Gulf.
That matters because the ship-to-ship transfer system off Fujairah has been one of the main ways Gulf crude kept reaching buyers, and it underpinned the partial recovery in export flows. Tankers are already scarce and freight is at extraordinary levels, so any further drop in owners' willingness to approach the strait could slow exports sharply and tighten global crude balances again.
Houthi strikes on Saudi energy infrastructure, including the devastating attack on Riyadh's main airport, add another layer of supply risk and raise pressure on Washington to deepen its military role. A move that draws US forces in more directly, or that triggers retaliation across a wider area, would compound the disruption fears. Hopes for Russian diesel via the US-brokered arrangement with Moscow have done little for sentiment: the volumes are a fraction of Russia's former exports, legal and logistical hurdles remain, and Ukraine's stated plan to keep hitting Russian energy assets casts doubt on how long any informal ceasefire can last. For an Indian book, crude-linked slopes and freight costs both stay exposed.
The latest escalation has reinforced the view that Qatari exports will not recover soon, leaving the market structurally tight going into winter. Qatari LNG outflows in October are expected to come in below September, and a possible return of US military action could prolong the period of heavy Iranian attacks on shipping.
Demand is moving at two speeds. Northeast Asian buyers have largely stepped back from the spot market, mostly well covered for the near term and resisting current prices, while South and Southeast Asian buyers keep chasing prompt cargoes, which keeps the spot market competitive. Across the region, buyers are working harder to secure supply from outside the Middle East, and long-term contract talks with US exporters are gaining real momentum. US exports are running well above last year, but not by enough to fill the gap left by curtailed Qatari flows.
Europe is pulling harder on the same cargoes. Gas prices there extended their rally on a weaker global LNG outlook, a coming cold snap and storage at 74%, a gap to last year that has widened materially. Base-case modelling suggests Europe could end winter with historically low stocks even without a severe cold spell, and Germany, with the continent's largest storage capacity, looks particularly lean. Below-normal temperatures from next weekend should lift heating demand and cut wind output in the UK and Germany. Norwegian flows are broadly stable, though unplanned outages at processing plants are trimming volumes, and northwest European LNG imports have recovered from summer lows but remain well below last year. With a further escalation able to run into the high-demand winter months, the market stays acutely sensitive to new headlines, and Indian buyers seeking prompt cargoes should expect firm competition from Europe.
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.