GAIL, Vital Asia sign long-term LNG deal to supply 1 mmt annually to India
GAIL (India) Limited and Vital Asia Pte Ltd have officially entered into a long-term deal for the supply of approximately one million metric tonnes of liquefied natural gas (LNG) annually over ten years, starting in 2026, according to a filing made by the company on the exchanges on Friday.
In this partnership, Vital Asia will source LNG from its global portfolio and deliver it to GAIL in India on a national scale.
GAIL’s chairman and managing director, Sandeep Kumar Gupta, statement on the partnership read, “This long-term LNG deal with Vital by GAIL will augment its large LNG portfolio and will contribute to bridging India’s demand and supply gap of natural gas”.
