PNGRB approves IGX's regasification capacity booking platform

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PNGRB approves IGX platform

Highlights

PNGRB has approved IGX's centralized regasification capacity booking platform, enabling unused LNG terminal capacity to be listed and booked.
Participation on the platform will be entirely voluntary, while contractual negotiations and payments will be handled directly by buyers and sellers under existing agreements.
Transparent charge discovery and improved visibility could enhance LNG terminal capacity utilization, supporting gas market development and the competitiveness of remote terminals.

This article was translated from the original. Read the original version by our correspondent here.

Platform structure and operations

According to the Petroleum and Natural Gas Regulatory Board, the proposed regasification capacity booking platform on the exchange provides a centralized and streamlined mechanism for listing and booking available unused capacity at LNG terminals. Its purpose is to help market participants identify available capacity and access it according to their needs.

Under the proposed arrangement, LNG terminal operators and capacity holders can list their unused regasification capacity on the platform, while prospective users can book available capacity based on their requirements. Buyers will also be able to register their capacity needs, which is expected to improve visibility of both available capacity and market demand.

IGX will facilitate capacity bookings in this process, while contract negotiations, payment settlement, and risk management will continue to take place directly between the relevant buyers and sellers in accordance with their existing agreements. Participation on the platform will be entirely voluntary.

Potential impact on the gas market and LNG terminals

The initiative is being introduced to promote more efficient use of existing LNG regasification infrastructure, particularly at a time when several terminals are reporting low capacity utilization. The potential for transparent discovery of lower regasification charges could help terminals attract additional LNG cargoes.

This move by PNGRB follows the board's earlier decision to reduce pipeline tariff zones to two. It is expected to help remote LNG terminals become more competitive for consumers and could provide broader support for the development of the gas market.

Our previous report covered PNGRB's invitation for comments from stakeholders and the general public on the draft regulations, 2026, for proposed amendments to the natural gas pipeline tariff framework. The article also highlighted that these changes could affect the cost and transportation charge structure for pipeline operators, gas suppliers, and major consumers, with a provision for timely responses by October 23, 2026.

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