Deals15 Jul 2025, 12:02 pm
GAIL (India) Ltd Signs 10-Year LNG Supply Deal with Vitol Asia Pte. Ltd.
AI Summary
GAIL (India) Limited and Vitol Asia Pte. Ltd. have executed a long-term LNG Sales and Purchase Agreement (SPA) for the annual supply of approximately 1 Million Metric Tonnes Per Annum (MMTPA) of Liquefied Natural Gas (LNG) over a period of about 10 years, commencing in 2026. Under the agreement, Vitol will deliver LNG to GAIL from its global LNG portfolio.
Key Highlights
- GAIL is expanding its long-term LNG portfolio to meet demand growth.
- The agreement represents a key milestone in reinforcing GAIL’s capability to reliably serve its diverse and evolving customer base.
- Vitol is honoured to extend its relationship with GAIL to a long term LNG supply contract.
- The growing Indian market is core to Vitol’s strategy.
- India emerged as the world’s fourth-largest LNG importer in 2024, with demand expected to rise steadily over the next decade.