Largest State-Owned Natural Gas Processing and Distribution Company Signs Long-Term LNG Shipping Deal with Alpha Gas

On Tuesday, GAIL's share price closed at Rs 145.38, up 1.56 per cent from the previous close of Rs 143, following the company’s announcement of signing a long-term LNG carrier charter agreement with Alpha Gas.

GAIL Signs Long-Term LNG Carrier Charter with Alpha Gas to Strengthen Shipping Portfolio

GAIL has entered into a long-term charter party agreement with Greek shipping company Alpha Gas for the LNG carrier Energy Fidelity, expanding its liquefied natural gas (LNG) shipping portfolio. The agreement has been signed with Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas. The signing took place at Alpha Gas’ headquarters in Athens, with senior representatives from both companies formalising the deal.

The LNG carrier Energy Fidelity has a cargo capacity of 174,000 cubic meters and is equipped with a two-stroke propulsion system, advanced air lubrication technology, and shaft generators. These features are designed to enhance fuel efficiency and reduce emissions.

The company stated that the agreement marks a key milestone under the ‘Maritime Amrit Kaal Vision 2047’, aimed at strengthening India’s maritime infrastructure and energy supply chain. The development also aligns with GAIL’s broader strategy to integrate LNG Logistics, ensure long-term supply security, and enhance its maritime capabilities.

About GAIL

GAIL (India) Limited is India’s leading natural gas company with a diversified presence across the entire gas value chain, including trading, transmission, LPG production and transmission, LNG shipping, LNG regasification, petrochemicals, city gas distribution, and exploration and production.

The company owns and operates a natural gas pipeline network of over 18,001 km across the country, forming a critical part of India’s energy infrastructure. In the LNG segment, GAIL has a large and diversified portfolio, positioning it among the leading global LNG portfolio marketers.

About Alpha Gas

Alpha Gas is a leading Greek shipping company offering a comprehensive range of LNG ship management services, including technical management, commercial operations, crewing, procurement, and newbuilding supervision, along with a strong focus on HSQE (Health, Safety, Quality, and Environmental) standards.

The company combines deep maritime expertise with modern operational capabilities, positioning itself among the reputable players in the global shipping industry. Ship ownership remains central to its long-term growth strategy, enabling it to serve leading charterers with efficiency, reliability, and flexibility.

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Disclaimer: The article is for informational purposes only and not investment advice.