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IGX and HPCL Partner to Enable Digital Regasification Booking at Chhara LNG Terminal
Jan 31, 2026
MoU signed at India Energy Week 2026 to introduce a transparent, market-linked platform for regas capacity access. Indian Gas Exchange (IGX) and Hindustan Petroleum Corporation Limited (HPCL) have entered into a strategic collaboration to enhance access to regasification infrastructure and strengthen market-driven participation in India’s natural gas sector.
The two organisations signed a Memorandum of Understanding (MoU) on the sidelines of India Energy Week (IEW) 2026 in Goa, marking a step towards greater digitisation and transparency in gas infrastructure utilisation. The MoU was signed by Anuj Mehrotra, Executive Director – Natural Gas, HPCL, and Rajesh Kumar Mediratta, Managing Director & CEO, IGX.
Digital platform for market-based capacity booking
As part of the agreement, IGX will develop a digital, market-oriented platform that will enable transparent booking of regasification services at HPCL’s Chhara LNG terminal. HPCL will make available its storage and regasification capacity on the platform in predefined volumes and tenures, allowing participants to access capacity through market-based mechanisms.
The initiative is expected to improve infrastructure utilisation, encourage wider participation, and support the development of a more liquid, competitive, and efficient natural gas market in India.
Speaking at the signing ceremony, Anuj Mehrotra said the partnership aligns with HPCL’s focus on providing transparent and efficient access to critical gas infrastructure. He noted that the use of digital platforms and market-led frameworks would help maximise utilisation of the Chhara LNG terminal while supporting increased adoption of natural gas across key consuming segments.
Rajesh K. Mediratta, MD & CEO of IGX, said the collaboration represents an important milestone in strengthening India’s gas market framework. He added that enabling market-based access to regasification capacity would improve efficiency, broaden participation, and enhance price discovery, contributing to faster growth of natural gas within India’s energy mix.