HPCL, IGX Partner to Boost India's Natural Gas Consumption.

Hindustan Petroleum Corporation Ltd (HPCL) has signed a memorandum of understanding (MoU) with the Indian Gas Exchange (IGX) to strengthen India’s natural gas market by enhancing trade liquidity and infrastructure utilisation.

The agreement, formalized on the sidelines of India Energy Week 2025, aims to establish a liquid and tradeable market at the Chhara delivery point on IGX’s gas trading platform. The partnership will facilitate trading across various products, including Regular Spot Contracts, Small-scale LNG (ssLNG) Contracts, Power Contracts, and the recently introduced index-based Long Duration Contracts.

A key focus of the collaboration is optimizing infrastructure usage and reviving gas-based power generation, in line with India’s broader push toward a gas-driven economy.

HPCL recently commissioned a 5 million tonnes per annum (MTPA) liquefied natural gas (LNG) regasification terminal at Chhara, Gujarat. The facility is designed to provide flexibility and scalability, positioning it as a critical asset in India’s energy landscape. Through the partnership, both entities will work toward maximizing the terminal’s regasification capacity.

Rajesh Kumar Mediratta, MD & CEO of IGX, stated, “By leveraging IGX’s expertise in exchange-based gas trading and HPCL’s infrastructure capabilities, we are confident that this collaboration will enhance market participation and improve efficiency in the gas value chain.”

Anuj Mehrotra, Executive Director (Natural Gas) at HPCL, added, “This partnership marks a crucial step in increasing liquidity in India’s gas market. A competitive and transparent trading environment will accelerate the adoption of natural gas and contribute to India’s long-term energy goals.”

With this agreement, HPCL and IGX aim to drive India’s transition toward a more dynamic and competitive natural gas economy.

HBL