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GAIL inks 10-year LNG deal with trading company Vitol - Times of India

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[ad_1] NEW DELHI: GAIL has inked a multibillion dollar deal for sourcing one million tonne of LNG annually for 10 years from commodities trading giant Vitol, marking the state-run utility's first long-term deal in a decade amid rising domestic demand. Vitol will start shipping super-chilled gas from 2026, even as GAIL is negotiating more such deals with others in view of a projected demand of 500 mcmd by 2030 from 155 at present. [ad_2] Source link https://worldnews2023.com/business/gail-inks-10-year-lng-deal-with-trading-company-vitol-times-of-india/?feed_id=275607&_unique_id=65d15804a9417