Samyag

Corporate Actions

Back

GAIL signs long-term LNG supply deal with Vitol Asia for 1 MMTPA

15-Jul-25 15:04 Hrs IST

The agreement, set to begin in 2026, spans 10 years, with Vitol delivering LNG to GAIL from its global LNG portfolio.

GAIL stated that India emerged as the fourth-largest LNG importer in 2024, with demand projected to rise steadily over the next decade.

The company added that the centre has set a target to increase the share of natural gas in the country's primary energy mix from the current 6% to 15% by 2030. India's LNG regasification capacity has also seen significant growth, nearly doubling from 21 MMTPA in 2014.

Speaking on the occasion, Sanjay Kumar, Director (Marketing), GAIL, stated that, 'GAIL is expanding its long-term LNG portfolio to meet demand growth. We are pleased to partner with Vitol Asia, and this agreement represents a key milestone in reinforcing GAIL's capability to reliably serve its diverse and evolving customer base.

Jay Ng, chief financial officer, Vitol Asia and executive committee member, said, 'Vitol is honoured to extend itsrelationship with GAIL to a long term LNG supply contract. The growing Indian market is core to Vitol's strategy and Vitol's diversified portfolio enables it to offer India a stable supply of cleaner and competitive energy.'

GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc.

On a consolidated basis, GAIL (India)'s net profit rose 0.09% to Rs 2,491.76 crore while net sales rose 11.3% to Rs 36,442.09 crore in Q4 March 2025 over Q4 March 2024.

Shares of GAIL (India) rose 0.84% to Rs 184.53 on the BSE.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.