GAIL Signs 10-Year LNG Deal with Vitol, Extends Gas Pact with Oil India

State-owned GAIL (India) Limited has signed a long-term agreement with Vitol Asia Pte Ltd for the annual supply of approximately one million metric tonnes of liquefied natural gas (LNG) over a period of about 10 years, starting in 2026. Vitol will deliver LNG from its global portfolio to GAIL, supporting India's growing demand for cleaner energy and its transition to a gas-based economy, with the government targeting an increase in natural gas's share of the energy mix from 6% to 15% by 2030. The deal is a key milestone for GAIL, which operates an extensive gas pipeline network and is expanding its LNG portfolio to reliably serve its diverse and evolving customer base. India became the world's fourth-largest LNG importer in 2024, with LNG regasification capacity nearly doubling since 2014. Separately, GAIL and Oil India Limited have extended their gas sale and purchase agreement by 15 years, ensuring the supply of up to 900,000 standard cubic meters per day of natural gas from Rajasthan, which will support power generation in the region and strengthen India's domestic gas ecosystem. These agreements collectively reinforce India's energy security and commitment to cleaner fuel transitions.