GAIL (India) inks deal to source 1 MMTPA LNG from Vitol Asia

Pursuant to the binding Term Sheet signed in January 2024, GAIL (India) and Vitol Asia 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.

Powered by Capital Market - Live News