New Delhi, July 14 -- State-run GAIL (India) Ltd has signed a long-term LNG sales and purchase agreement with Vitol Asia Pte. Ltd for the annual supply of approximately 1 million metric tonnes per annum (MMTPA) of liquefied natural gas over a 10-year period, starting in 2026.

Under the agreement, Vitol will deliver LNG to GAIL from its global portfolio, the company said in a statement.

"GAIL is expanding its long-term LNG portfolio to meet demand growth. We are pleased to partner with Vitol Asia Pte. Ltd, and this agreement represents a key milestone in reinforcing GAIL's capability to reliably serve its diverse and evolving customer base," said Sanjay Kumar, director (Marketing), GAIL.

Jay Ng, chief financial officer of Vitol Asia and...