September 5, 2026: City gas distributor Think Gas has told the downstream regulator that "prohibitive terminal economics currently undermine the viability of third-party usage" of LNG terminals and called for a 30% reduction in usage charges at all LNG terminals.

Think Gas, backed by I Squared Capital, Osaka Gas and Sumitomo Corporation, has distribution licences for 19 city gas areas, covering 49 districts across the country

High regasification charges across LNG terminals ('73-104/MMBTU) and truck loading charges ('81-120/MMBTU), burdened with annual escalation of 5% per annum, require a mandatory moderation of these charges by at least 30% across all LNG Terminals," Think Gas wrote to the Petroleum and Natural Gas Regulatory Board (PNGRB) during a consultation process on the Indian Gas Exchange proposal to set up a platform to book LNG.

Think Gas said LNG terminal operators impose "unreasonably high" boil-off gas charges despite there being no actual boil-off during continuous LNG operations. This imposes "an artificial cost burden on end consumers and hinders the development of the natural gas market", Think Gas

(Source: Economic Times)