GAIL signs LNG carrier deal

India Limited, India's leading natural gas company, has signed a long-term charter party agreement with Alpha Gas, a prominent Greek shipping company, for the LNG carrier 'Energy Fidelity'. This agreement, executed with Pantheon Maritime Services, an affiliate of Alpha Gas, aims to strengthen India's energy supply chain and maritime capabilities under the government's 'Maritime Amrit Kaal Vision 2047'. The 'Energy Fidelity' is a 174,000 cubic meter capacity LNG carrier equipped with advanced fuel-efficient and emission-reducing technologies. This partnership is a significant step for India in expanding its LNG logistics network and ensuring uninterrupted supply to meet India's growing energy demand, especially in the context of recent geopolitical events affecting energy supplies from regions like Qatar.