India's Gas Future: GAIL Inks Major LNG Agreement with Vitol Asia

State-run GAIL (India) Ltd. has signed a long-term LNG sales and purchase agreement with Vitol Asia for the annual supply of approximately 1 million tonnes per annum (MTPA) of liquefied natural gas over a 10-year period, beginning in 2026.

The agreement aligns with GAIL’s broader strategy to expand its LNG portfolio as India moves toward a gas-based energy economy. Under the deal, Vitol will supply LNG from its diversified global portfolio, enhancing GAIL’s ability to meet growing domestic demand.

"GAIL is expanding its long-term LNG portfolio to meet demand growth. We are pleased to partner with Vitol Asia Pte. Ltd. This agreement marks a key milestone in strengthening GAIL’s capability to serve its evolving customer base reliably,” said Sanjay Kumar, Director (Marketing), GAIL.

In a separate development, GAIL has extended its existing gas sale and purchase agreement with Oil India Ltd. by 15 years, effective from 1 July 2025. Under the renewed pact, Oil India will supply up to 900,000 standard cubic meters per day (SCMD) of natural gas from its Bakhri Tibba block in Rajasthan.

News by Rahul Yelligetti.