GAIL (India) Limited has informed the Exchange regarding a press release dated July 15, 2025, titled "GAIL signs LNG SPA with Vitol Asia Pte. Ltd. for supply of 1 MMTPA LNG".
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GAIL (India) has signed a 10-year LNG Sales and Purchase Agreement (SPA) with Singapore-based Vitol Asia Pte. Ltd. for the supply of approximately 1 MMTPA of LNG, with deliveries starting in 2026. The deal formalises a binding term sheet that was signed in January 2024 and is part of GAIL's plan to expand its long-term LNG portfolio to meet rising Indian demand. Vitol, a major global energy trader with $331 billion in 2024 revenues and 18 million tonnes of LNG delivered last year, will source the gas from its global LNG portfolio. The agreement comes as India, the world's fourth-largest LNG importer, pushes to raise natural gas's share in its energy mix from 6% to 15% by 2030.
This is a constructive long-term supply deal that secures a stable, decade-long LNG volume stream for GAIL from a credible global counterparty, supporting future revenue visibility. For shareholders, the positive is real but likely incremental, since deliveries only begin in 2026 and no specific contract value or financial guidance update was disclosed.