Indian Gas Exchange Limited (IGX), India’s authorized natural gas trading exchange, has entered into a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL), a Maharatna public sector enterprise, to enhance access to regasification infrastructure and strengthen market-based participation in India’s natural gas sector.
MoU Signed at India Energy Week 2026
The two organizations signed a Memorandum of Understanding (MoU) on the sidelines of India Energy Week (IEW) 2026 held in Goa. Mr. Anuj Mehrotra, Executive Director – Natural Gas, HPCL, and Mr. Rajesh Kumar Mediratta, Managing Director & CEO, IGX, formalized the agreement. Through this collaboration, both parties aim to support the evolution of a transparent, competitive, and efficient gas market in the country.
Digital Platform to Enable Transparent Capacity Booking
Under the MoU, IGX will develop a digital, market-driven platform that enables transparent and efficient booking of regasification services at HPCL’s LNG terminal in Chhara, Gujarat. Meanwhile, HPCL will make its storage and regasification capacities available on the platform in pre-defined quantities and timeframes. As per the press release, this initiative is designed to improve infrastructure utilization, expand market participation, and promote greater liquidity within India’s natural gas ecosystem.
HPCL Reaffirms Commitment to Market-Oriented Access
Anuj Mehrotra emphasized that the partnership reflects HPCL’s commitment to providing transparent, efficient, and market-oriented access to critical gas infrastructure. He further noted that by leveraging digital platforms and market mechanisms, HPCL aims to enhance utilization of the Chhara LNG terminal and accelerate the adoption of natural gas across key consumption sectors.
IGX Highlights Role in Strengthening Gas Market Architecture
Rajesh K. Mediratta stated that the MoU represents a significant milestone in strengthening India’s gas market architecture. He explained that market-based access to regasification capacity will improve operational efficiency, broaden participation, and strengthen price discovery, thereby accelerating the growth of natural gas in India’s energy mix.
