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PNGRB Approves IGX Platform to Book Unused LNG Regasification Capacity
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News18•16-10-2026, 16:00
PNGRB Approves IGX Platform to Book Unused LNG Regasification Capacity
- •The Petroleum and Natural Gas Regulatory Board approved a proposal by the Indian Gas Exchange to introduce a platform for listing and booking unutilised LNG regasification capacity.
- •The voluntary platform aims to improve infrastructure utilisation, widen access to India's gas market, and enable prospective users to identify and book available slots.
- •The initiative comes as several LNG terminals report low capacity utilisation, offering potential to attract additional cargoes through competitive charges.
- •IGX will facilitate capacity bookings, while commercial negotiations, payment settlements, and risk management will remain directly between buyers and sellers.
- •The move complements PNGRB's earlier decision to reduce natural gas pipeline tariff zones to two, enhancing the competitiveness of LNG terminals.
Key Questions Answered
The Petroleum and Natural Gas Regulatory Board approved an IGX platform allowing operators and capacity holders to list unutilised liquefied natural gas regasification capacity for prospective users to book.
While the exchange facilitates bookings, commercial negotiations, payment settlements, and risk management remain directly between buyers and sellers under their respective agreements on a voluntary basis.
The initiative complements PNGRB's earlier decision to reduce natural gas pipeline tariff zones to two, enhancing the competitiveness of LNG terminals located farther from consumption centers.
