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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
The government has withdrawn most provisions of the emergency natural gas supply regulation order imposed during the West Asia conflict after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire. In a notification issued on Saturday, the Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026, omitting key operational provisions, which led to all domestically produced natural gas and imported LNG to be sold as per a new priority customer list drawn by the government. The original order, issued on March 9 under the Essential Commodities Act, was brought in after the conflict in West Asia disrupted LNG shipments through the Strait of Hormuz, with suppliers invoking force majeure and diverting cargoes to priority consumers. The ministry said the situation has since improved, with a ceasefire in place, negotiations underway and maritime traffic through the Strait of Hormuz resuming. The gas supply curbs w