MoU30 Jan 2026, 03:22 pm
HPCL and IGX Sign MoU to Enhance Access to HPCL's LNG Terminal at Chhara, Gujarat
AI Summary
Hindustan Petroleum Corporation Ltd (HPCL) and Indian Gas Exchange Limited (IGX) have signed a Memorandum of Understanding (MoU) to strengthen access to regasification infrastructure and deepen market-based participation in India’s natural gas ecosystem. The MoU was signed on the sidelines of India Energy Week (IEW) 2026 in Goa. The collaboration aims to improve infrastructure utilization, widen participation, and support the evolution of a more liquid, competitive, and efficient gas market in India.
Key Highlights
- HPCL and IGX sign MoU to enhance access to HPCL’s Chhara LNG Terminal
- IGX will develop a digital, market-driven platform for transparent booking of regasification services
- The initiative aims to enhance utilization of the Chhara LNG terminal and accelerate adoption of natural gas across key consuming sectors
- Market-based access to regasification capacity will enhance efficiency, broaden participation, and improve price discovery
- HPCL is a Maharatna Oil and Gas Public Sector Enterprise with vast marketing network and key gas infrastructure