IEW 2026: HPCL, IGX sign MoU to enable market-based access to Chhara LNG terminal

New Delhi: Hindustan Petroleum Corporation Limited (HPCL) and Indian Gas Exchange (IGX) Limited have signed a Memorandum of Understanding (MoU) to enhance access to regasification infrastructure at HPCL’s LNG terminal at Chhara in Gujarat, the companies said in a statement issued on Friday.

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The MoU was signed on the sidelines of India Energy Week (IEW) 2026 in Goa by Anuj Mehrotra, Executive Director, Natural Gas, HPCL, and Rajesh Kumar Mediratta, Managing Director and CEO of IGX.

Under the collaboration, IGX will develop a digital, market-driven platform to facilitate transparent booking of regasification services at HPCL’s Chhara LNG terminal. HPCL will offer its storage and regasification capacities for booking in pre-specified quantities and durations through the platform.

Focus on utilisation and market participation

The companies said the initiative is aimed at improving utilisation of LNG infrastructure, widening participation in capacity booking, and supporting the evolution of a more liquid, competitive and efficient natural gas market in India.

HPCL said the collaboration aligns with its focus on enabling transparent and market-oriented access to critical gas infrastructure. “Leveraging digital platforms and market mechanisms, the initiative aims to enhance utilisation of the Chhara LNG terminal and accelerate adoption of natural gas across key consuming sectors,” Mehrotra said.

Strengthening India’s gas market architecture

IGX said market-based access to regasification capacity would help strengthen India’s gas trading ecosystem. “Market-based access to regasification capacity will enhance efficiency, broaden participation, and improve price discovery, thereby accelerating the growth of natural gas in India’s energy mix,” Mediratta said.

The companies added that the MoU represents a step towards deepening market-based participation across the natural gas value chain, as India seeks to expand the role of gas in its energy mix.

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