Page 25 - Vitol News Today

A review of the big energy stories of the past year.

Singapore: GAIL (India) Limited and Vitol Asia Pte Ltd on Friday announced the signing of a Long Term liquefied natural gas (LNG) deal into India for a supply of approximately one million metric...

The GAIL stock gains on the announcement to trade over a percent higher at Rs 165.40 in the afternoon session

The supplies will begin in 2026. [Image: Gail]

New Delhi, Jan 5 (PTI) India's biggest gas firm GAIL on Friday said it has signed a deal to buy about 1 million tonne per annum of LNG from Dutch energy trader Vitol for 10 years starting 2026.

GAIL has been having discussions with various LNG suppliers for long-term deals

State-run GAIL Ltd has signed a long-term deal with trader Vitol for an annual purchase of about 1 million metric tons of liquefied natural gas for 10 years from 2026, the Indian company said in...

GAIL has partnered with global commodity trader Vitol to purchase 1 million tonnes of liquefied natural gas (LNG) annually for ten years. The deal will start in 2026 and will augment GAILs large Liquefied Natural Gas portfolio. GAIL, Indias largest natural gas marketer and transporter, is engaged in multiple negotiations for long-term LNG supply

This deal is a pivotal move in Indias strategy to meet its escalating natural gas demand, which is integral to the countrys growing energy needs.

Utility industry news and analysis for energy professionals.