HPCL Signs Mou With Igx For Lng Terminal Access

Hindustan Petroleum Corporation Ltd, one of India’s leading oil and gas companies, announced the signing of an MoU with the Indian Gas Exchange (IGX) to enable access to LNG terminals. The collaboration is expected to enhance the efficiency of LNG imports, optimize terminal usage, and provide greater flexibility for buyers and sellers in the natural gas market. This strategic move aligns with India’s broader energy transition goals, focusing on increasing the share of natural gas in the country’s energy mix.  

Key highlights from the announcement include 

• HPCL signs MoU with IGX for LNG terminal access.  
• Agreement aims to improve infrastructure utilization and efficiency.  
• Partnership expected to support India’s natural gas ecosystem.  
• Move aligns with national energy transition and cleaner fuel adoption.  
• Analysts view the collaboration as a step toward strengthening LNG market flexibility.  

Industry experts note that the MoU reflects HPCL’s commitment to building sustainable energy solutions while reinforcing IGX’s role as a key platform for gas trading in India.  

Sources: Reuters, Economic Times, Business Standard