New Delhi, India — Hindustan Petroleum Corporation Limited (HPCL), a Maharatna public sector oil and gas company, has signed a Memorandum of Understanding (MoU) with Indian Gas Exchange Limited (IGX) to improve access to liquefied natural gas (LNG) regasification infrastructure and deepen market-driven participation in India’s natural gas sector.
The MoU was signed on the sidelines of India Energy Week (IEW) 2026 in Goa by Anuj Mehrotra, Executive Director – Natural Gas at HPCL, and Rajesh Kumar Mediratta, Managing Director and CEO of IGX.
Under the agreement, IGX will develop a digital, market-based platform to enable transparent and efficient booking of regasification services at HPCL’s Chhara LNG Terminal in Gujarat. HPCL will make its storage and regasification capacity available on the platform in pre-defined quantities and time periods, allowing a wider range of market participants to access the infrastructure.
The initiative is expected to improve utilization of existing LNG assets, enhance transparency, and support the development of a more liquid, competitive, and efficient natural gas market in India.
Leadership Commentary
Commenting on the collaboration, Anuj Mehrotra said the partnership underscores HPCL’s commitment to transparent and market-oriented access to critical gas infrastructure. He noted that leveraging digital platforms and market mechanisms would help maximize utilization of the Chhara LNG terminal and accelerate natural gas adoption across key consumer sectors.
Rajesh K. Mediratta, MD & CEO of IGX, said the MoU represents a significant step in strengthening India’s gas market framework. He added that market-based access to regasification capacity would improve efficiency, broaden participation, and enhance price discovery, supporting the expansion of natural gas in India’s overall energy mix.
Strategic Context
The collaboration aligns with India’s broader energy transition goals, which include increasing the share of natural gas in the country’s energy basket. By enabling transparent, exchange-based access to LNG infrastructure, the initiative aims to attract new buyers and suppliers while improving operational efficiency across the gas value chain.