In a move set to deepen India’s natural gas market, Hindustan Petroleum Corporation Limited (HPCL) and Indian Gas Exchange Limited (IGX) have signed a Memorandum of Understanding (MoU) to enhance access to HPCL’s LNG regasification terminal at Chhara, Gujarat.

 

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

 

Under the agreement, IGX will build a digital, market-driven platform to enable transparent booking of regasification services at the Chhara terminal. HPCL will make its storage and regasification capacities available for booking in pre-defined quantities and durations through this platform. The initiative is aimed at optimizing infrastructure utilization, broadening participation, and fostering a more liquid and competitive gas market in India.

 

Speaking at the event, Mehrotra said,

"The collaboration with IGX reflects HPCL’s commitment to transparent, efficient, and market-oriented access to critical gas infrastructure. Leveraging digital platforms and market mechanisms, the initiative aims to enhance utilization of the Chhara LNG terminal and accelerate adoption of natural gas across key consuming sectors."

 

Echoing the sentiment, Mediratta added,

"This MoU marks a significant step in strengthening India’s gas market architecture. 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."

 

The partnership between HPCL and IGX is seen as a key step toward strengthening India’s natural gas ecosystem, driving market efficiency, and accelerating the transition to cleaner energy sources.