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GAIL, Vital Asia enter into Long-Term Deal for LNG Supply to India

GAIL (India) and Vital Asia have officially entered into a long-term deal for the supply of approx. 1 million tonne of liquefied natural gas (LNG) annually over ten years, starting in 2026.

 

In this partnership, Vital Asia will source LNG from its global portfolio and deliver it to GAIL in India on a national scale to meet the rising natural gas demand in India. The 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.

 

Vital Asia, a prominent player in the energy sector has a global LNG portfolio with long-term supplies from North America, Africa, the Middle East, and Asia. In 2022, Vital delivered approx. 14 million tpa of LNG.

 

The strategic move aligns with GAIL's ongoing negotiations with various LNG suppliers for long-term deals. GAIL specializes in gas trading, transmission, LPG production and transmission, LNG regasification, petrochemicals, city gas, and E&P.

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