PNGRB clears IGX platform to book unused LNG regasification capacity

Oil and gas regulator PNGRB has approved a proposal by the Indian Gas Exchange (IGX) to introduce a platform for listing and booking unutilised liquefied natural gas (LNG) regasification capacity, in a move aimed at improving infrastructure utilisation and widening access to the country's gas market.

The Petroleum and Natural Gas Regulatory Board (PNGRB) said the voluntary platform would allow LNG terminal operators and capacity holders to list unused capacity, enabling prospective users to identify and book available slots according to their requirements.

The initiative comes as several LNG terminals report low capacity utilisation, leaving scope to attract additional cargoes by offering unused regasification capacity at competitive charges.

Regasification is the process of converting LNG, transported in liquid form, back into gas for supply through pipelines.

The platform is expected to improve price discovery for regasification services by providing a transparent mechanism throug