Mumbai, July 15 -- 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 ...
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