Vitol and GAIL sign long-term LNG supply deal into India
Published by Jessica Casey,
Editor
LNG Industry,
GAIL (India) Limited and Vitol Asia Pte Ltd has announced the signing of a long-term LNG supply deal into India for the annual supply of approximately 1 million t of LNG for a period of approximately 10 years, starting from 2026. Under this deal, Vitol will deliver LNG from its global LNG portfolio to GAIL and these deliveries will be on a pan-India basis.
GAIL Chairman and Managing Director, Sandeep Kumar Gupta, said: “This long-term LNG supply deal with Vitol by GAIL will augment its large LNG portfolio and will contribute to bridging India’s demand and supply gap of natural gas. “
Vitol CEO, Russell Hardy, added: “We are pleased to build on the existing relationship between Vitol and GAIL and to conclude this long-term LNG supply deal together. India is a significant and growing LNG market and we are excited to bring LNG supply from our global LNG portfolio to meet this rising natural gas demand in India.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08012024/vitol-and-gail-sign-long-term-lng-supply-deal-into-india/
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