GAIL is also in talks with other companies to source liquefied natural gas (LNG). Credit: John R Perry from Pixabay.

Indian state-run energy company GAIL has signed a long-term deal with Vitol Asia for the supply of LNG into the country.

Starting in 2026, Vitol will supply approximately one million tonnes of the super-chilled fuel annually to GAIL for a period of ten years.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The LNG will be sourced from Vitol’s extensive global portfolio and delivered across India.

GAIL chairman and managing director Sandeep Kumar Gupta said: “This long-term LNG supply deal with Vitol by GAIL will augment its large liquefied natural gas (LNG) portfolio and will contribute to bridging India’s demand and supply gap of natural gas.”

GAIL’s finance head was cited by Reuters as saying earlier that the company is planning to add 7–8 million tonnes per year of LNG to its portfolio by the end of this decade.

Currently, the Indian company is in talks with Russian producer Novatek, Abu Dhabi National Oil and Qatar to source LNG.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Vitol CEO Russell Hardy said: “We are pleased to build on the existing relationship between Vitol and GAIL and to conclude this long-term LNG supply deal together.

“India is a significant and growing LNG market and we are excited to bring LNG supply from our global LNG portfolio to meet this rising natural gas demand in India.”

Recently, Indian Union Minister for Petroleum & Natural Gas and Housing & Urban Affairs Hardeep Singh Puri announced that the country’s gas consumption is projected to increase to more than 500 million standard cubic metres a day (mscm/d) by 2030, compared with the current level of 155mscm/d.

Indian companies are allocating substantial funds to develop natural gas infrastructure and seeking long-term LNG import agreements.

This move is in line with the country’s objective of increasing the proportion of natural gas in its energy blend from the existing 6.3% to 15% by 2030, reported Reuters.