GAIL Signs Long-Term Charter For LNG Carrier
PORTS & SHIPPING

GAIL Signs Long-Term Charter For LNG Carrier

GAIL (India) Limited, a Maharatna public sector undertaking, has entered into a long-term charter party agreement with Alpha Gas for the liquefied natural gas carrier Energy Fidelity. The agreement was executed with Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas, and was signed at Alpha Gas's headquarters in Athens. The vessel has a cargo capacity of 174,000 cubic metres and features a two-stroke propulsion system together with advanced air lubrication and shaft generators to enhance fuel efficiency and reduce emissions.

The charter represents a key milestone under the Maritime Amrit Kaal Vision 2047 and is expected to strengthen India’s maritime infrastructure and energy supply chain capabilities. GAIL indicated that the arrangement will support long-term LNG supply security and logistics integration. The transaction complements the company’s efforts to expand its shipping fleet and ensure uninterrupted LNG availability to meet growing domestic demand.

GAIL owns and operates a network of over 18,001 kilometres of natural gas pipelines across the country and maintains a diversified presence across the natural gas value chain, including trading, transmission, liquefied petroleum gas production and petrochemicals. In the liquefied natural gas segment, GAIL has a substantially large and diversified LNG portfolio intended to secure long-term supplies and position the company among the top global LNG portfolio marketers. As part of its logistics integration strategy, the company has built the largest LNG fleet in the country to bolster maritime capabilities.

Alpha Gas provides in-house LNG ship management services such as technical management, commercial operations, crewing, procurement and newbuilding supervision while emphasising health, safety, quality and environmental performance. The owner pursues ship ownership as a central component of its growth strategy and continues an active newbuilding and acquisition programme focused on high-technology vessels with energy efficiency innovations. Both parties view the charter as supporting cleaner energy delivery and fostering long-term value for stakeholders.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

GAIL (India) Limited, a Maharatna public sector undertaking, has entered into a long-term charter party agreement with Alpha Gas for the liquefied natural gas carrier Energy Fidelity. The agreement was executed with Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas, and was signed at Alpha Gas's headquarters in Athens. The vessel has a cargo capacity of 174,000 cubic metres and features a two-stroke propulsion system together with advanced air lubrication and shaft generators to enhance fuel efficiency and reduce emissions. The charter represents a key milestone under the Maritime Amrit Kaal Vision 2047 and is expected to strengthen India’s maritime infrastructure and energy supply chain capabilities. GAIL indicated that the arrangement will support long-term LNG supply security and logistics integration. The transaction complements the company’s efforts to expand its shipping fleet and ensure uninterrupted LNG availability to meet growing domestic demand. GAIL owns and operates a network of over 18,001 kilometres of natural gas pipelines across the country and maintains a diversified presence across the natural gas value chain, including trading, transmission, liquefied petroleum gas production and petrochemicals. In the liquefied natural gas segment, GAIL has a substantially large and diversified LNG portfolio intended to secure long-term supplies and position the company among the top global LNG portfolio marketers. As part of its logistics integration strategy, the company has built the largest LNG fleet in the country to bolster maritime capabilities. Alpha Gas provides in-house LNG ship management services such as technical management, commercial operations, crewing, procurement and newbuilding supervision while emphasising health, safety, quality and environmental performance. The owner pursues ship ownership as a central component of its growth strategy and continues an active newbuilding and acquisition programme focused on high-technology vessels with energy efficiency innovations. Both parties view the charter as supporting cleaner energy delivery and fostering long-term value for stakeholders.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement