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GAIL (India) inks deal to source 1 MMTPA LNG from Vitol Asia
15-Jul-2025, 05:59
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.
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.
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