Crown LNG Holdings Ltd, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has announced the execution of a Memorandum of Understanding (MoU) with the India Gas Exchange Ltd (IGX), India’s first automated national-level trading platform.
The MoU outlined how Crown and IGX plan to cooperate on LNG sales to pipeline customers downstream from Crown’s planned LNG import terminal in Kakinada, India.
The signing ceremony on the sidelines of India Energy Week 2025 in New Delhi included Swapan Kataria, CEO of Crown LNG, and Rajesh Kumar Mediratta, Managing Director & CEO of IGX, and was witnessed by The Honourable Member of Parliament from Kakinada Shri Tangella Uday Srinivas, an advocate for building infrastructure to empower millions of households and to improve the development of new industries in Andhra Pradesh, including data centres requiring uninterrupted 24/7 power supply.
The non-binding MoU provides a framework for LNG cargoes traveling through Crown LNG’s regasification terminal to be listed, marketed, and sold on the IGX. Under the agreement, IGX will drive market awareness through workshops and industry engagement initiatives, encouraging wider participation in gas trading. Crown LNG will collaborate closely with IGX on LNG cargo arrivals and sales, ensuring a stable and efficient supply chain. Together, they aim to unlock new opportunities in India’s energy sector and reinforce the role of natural gas as a key driver of sustainable economic growth. Both organisations will explore further areas of cooperation to accelerate India’s 15% gas-based economy target by 2030, as envisioned by Prime Minister Narendra Modi.
“This collaboration will offer Crown a unique position to sell gas to a large base of producers, traders, and offtakers throughout India," said Swapan Kataria, Crown LNG CEO. "We believe this agreement is the first of several that will address the lack of supply for the eastern coast of the fourth largest LNG importer in the world. Together with IGX and our growing network of trusted local partners, we are excited to strengthen India’s energy security and to help make natural gas more accessible to industries and micro-enterprises across India.”
The Kakinada terminal has received an approved total import capacity of 7.2 million tpy. Crown expects to achieve final investment decision for the project in 2026 and to deliver first gas in 2029.