PNGRB backs IGX LNG terminal capacity booking platform
In short
Indian Gas Exchange got approval to build a platform for booking LNG terminal capacity. The report says the regulator wants better use of terminals that are not fully booked.
The platform should make it easier to find and reserve regasification space, but buyers and sellers will still settle contracts themselves. It is not stated when the platform will start or which terminals will be included.
What the reporting says
Indian Gas Exchange received regulatory approval to develop a capacity booking platform for LNG terminals, according to publisher-supplied summary. The regulator said many terminals are underused, and the platform is meant to let users identify and book available regasification capacity more efficiently. Contractual negotiations and settlements will still be handled directly between buyers and sellers, but details on rollout timing and scope were not stated.
Why it matters
Indian Gas Exchange received approval to build a platform for booking LNG terminal capacity, with the regulator citing poor utilization at many terminals. The move could make access to regasification capacity more transparent for market participants and may improve usage of existing infrastructure. The reporting does not state launch timing, coverage, or whether pricing or contract terms will change.