95 tariff paths, zero transparency: Why no one trades gas in India – 1 Dec 2025

Europe unified access. The US created electronic bulletin boards.

India still forces shippers through 95+ tariff paths with no unified information system.

Without an entry–exit regime, hubs cannot rise.

Kochi, Ennore, Dhamra and Dabhol remain chronically underutilised even as India’s “true” demand sits at 480 MMSCMD.from 200 MMSCMD at present

Connectivity gaps, tariff distortions and missing access codes are crippling liquidity.

Volume caps on domestic gas, GST asymmetry, legacy EMPC rules, and destination-bound GSAs ensure liquidity never emerges.

The system protects bilateral contracting, not market transparency.

By the time India fixes tariffs, transparency, and access rules, renewables, batteries, and hydrogen may already have overtaken gas. The “bridge fuel” argument is running out of time.