Singapore, July 17 -- Pursuant to the binding Term Sheet signed in January 2024, GAIL (India) Limited and Vitol Asia Pte. Ltd. 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. India emerged as the world's fourth-largest LNG importer in 2024, with demand expected to rise steadily over the next decade. The Government of India has set an ambitious target to increase the share of natural gas in the country's primary energy mix from the current 6% to 15% by 2030. Supporting this vision,...