GAIL has signed a major 10-year agreement with Vitol Asia for the purchase of one million tonnes of liquefied natural gas (LNG) annually, starting in 2026. This long-term deal represents a significant advancement for India’s energy sector, addressing the country’s increasing demand for natural gas.
Key Highlights of the Agreement
- Duration: Ten years, beginning in 2026
- Volume: One million tonnes of LNG per year
- Partnership: Collaboration between GAIL, India’s leading natural gas company, and Vitol Asia, a major energy trading entity
This partnership is expected to:
- Boost India’s energy security by securing a steady supply of LNG.
- Encourage greater use of natural gas as a cleaner and more efficient fuel.
- Support rising consumption needs in industries and households.
- Facilitate economic growth and help achieve environmental goals.
- Strengthen infrastructure and supply chain capabilities for LNG in the region.
By entering this deal, India is positioning itself as a key player in the Asian LNG market, supporting both its energy transition and sustainability objectives amid a global shift towards cleaner energy sources.
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