Hindustan Petroleum Corporation Limited (HPCL) and Indian Gas Exchange Limited (IGX) have signed a Memorandum of Understanding (MoU) to improve access to HPCL’s LNG Terminal in Chhara, Gujarat. The collaboration aims to strengthen regasification infrastructure and promote market-based participation in India’s natural gas sector. This initiative seeks to optimize infrastructure utilization and support a more competitive gas market.
Strategic Alliance for Gas Infrastructure
Hindustan Petroleum Corporation Limited (HPCL) and Indian Gas Exchange Limited (IGX) have formalized an agreement aimed at enhancing the natural gas ecosystem. The Memorandum of Understanding (MoU) was signed on January 30, 2026, during India Energy Week (IEW) in Goa, demonstrating a commitment to advancing India’s energy infrastructure.
Enhancing LNG Access and Market Efficiency
The partnership will focus on HPCL’s LNG Terminal located in Chhara, Gujarat. IGX will develop a digital platform to streamline the booking of regasification services. This platform will offer storage and regasification capacities in pre-specified quantities and durations. This initiative is designed to improve infrastructure utilization and broaden market participation, leading to a more competitive and efficient gas market.
Statements from Leadership
Mr. Anuj Mehrotra from HPCL emphasized the commitment to transparent, efficient, and market-oriented access to critical gas infrastructure. Mr. Rajesh K. Mediratta, MD & CEO of IGX, highlighted that the MoU marks a significant step in strengthening India’s gas market architecture and will enhance efficiency and improve price discovery.
HPCL’s Gas Infrastructure Development
HPCL has been actively developing gas infrastructure, including a 5 MMTPA LNG storage and regasification terminal at Chhara, Gujarat. The company also has authorization to develop CGD networks in 25 geographical areas to meet the nation’s growing energy needs.
Source: BSE
