GAIL (India) Limited has informed the Exchange regarding a press release dated April 07, 2026, titled " GAIL and Alpha Gas Sign a Long-Term Charter Party Agreement for an LNG Carrier .".
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GAIL (India) has signed a long-term charter party agreement with Alpha Gas, a Greek shipping major, for the LNG carrier 'Energy Fidelity.' The agreement was executed with Alpha Gas's Singapore-based affiliate, Pantheon Maritime Services. The vessel has a cargo capacity of 174,000 cubic meters and features energy-efficient two-stroke propulsion with air lubrication technology. The deal was signed in Athens by senior executives from both companies. GAIL described this as a milestone under India's 'Maritime Amrit Kaal Vision 2047,' supporting its strategy of building the largest LNG fleet in India to ensure supply security.
This strengthens GAIL's LNG shipping capacity and long-term supply security, but no financial value or contract duration was disclosed, so the direct earnings impact remains unclear. The move aligns with GAIL's logistics integration strategy and is broadly positive for its energy trading and shipping business.