TSG
State run GAIL (India) Limited and Vitol Asia Pte Ltd, have announced the signing of a long term Liquefied Natural Gas (LNG) deal into India for a supply of approximately one million metric tons of LNG per annum for a period of about 10 years, commencing 2026. Under this deal, Vitol will deliver LNG from its global LNG portfolio to GAIL in India on a pan-India basis. As a leading natural gas company gas trading, GAIL has formidable presence in India’s transmission, LPG production & transmission company.
This long term LNG 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. India is a significant and growing LNG market and Vitol Asia’s LNG supply from its global portfolio will meet this rising natural gas demand in India. India’s leading gas producer is doing this deal as demand for natural gas in India is getting consolidated and this LNG tie-up is part of the multiple negotiations which GAIL has been carrying on with various LNG suppliers for long term deals.
