HPCL and IGX Partner to Enhance Access at Chhara LNG Terminal

Hindustan Petroleum Corporation Limited (HPCL) and Indian Gas Exchange (IGX) signed a Memorandum of Understanding (MoU) on Friday at India Energy Week 2026 in Goa.  

The agreement relates to access at the Chhara LNG terminal in Gujarat and focuses on how regasification capacity and storage can be booked. 

Market-Based Booking Mechanism Planned 

Under the MoU, IGX will build a digital platform that allows market participants to book regasification services at Chhara.  

HPCL will offer specific quantities of storage and regasification capacity on the platform for defined time periods. The system is to allow users to secure capacity through a market-linked process. 

Focus on Infrastructure Utilisation 

The arrangement is intended to improve utilisation of the Chhara LNG terminal and allow more companies to participate in the gas market.  

By making capacity available through a central platform, the 2 organisations aim to reduce manual processes and standardise access to LNG infrastructure. 

Comments from HPCL and IGX 

Anuj Mehrotra, Executive Director for Natural Gas at HPCL, said the collaboration is aligned with a transparent and market-oriented approach to gas infrastructure access, supported by digital tools.  

Rajesh K Mediratta, Managing Director and Chief Executive Officer of IGX, said the MoU is expected to strengthen India’s gas market framework and broaden participation in capacity trading. 

Implications for Gas Market Structure 

The partnership seeks to support a more liquid gas market by improving how regasification capacity is allocated and traded.  

A market-based access model is expected to support price discovery and improve efficiency in the gas supply chain, including industrial and power sector demand. 

Read More: HPCL Backs Solar-Powered Drone Startup Maraal Aerospace at IEW 2026! 

Hindustan Petroleum Corporation Share Price Performance  

As of January 30, 2026, 3:30 pm, Hindustan Petroleum Corp (HPCL) share price closed at ₹425.95, a 1.54% down from the previous closing price. 

Conclusion 

The HPCL-IGX MoU outlines a framework for digital, market-linked access to regasification capacity at the Chhara LNG terminal. The initiative is expected to widen participation and standardise how LNG infrastructure is accessed across the domestic gas market. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.