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GAIL Partners With Alpha Gas For LNG Carrier To Boost India's Energy Security

GAIL Limited has signed a long-term charter agreement with Greek shipping company Alpha Gas for the LNG carrier "Energy Fidelity." The vessel features advanced technology to improve fuel efficiency and reduce emissions. This deal is a strategic move under India's Maritime Amrit Kaal Vision 2047 to bolster maritime infrastructure. The partnership aims to enhance operational efficiency and ensure a reliable supply of liquefied natural gas to meet growing energy demand.

Key Points: GAIL Signs Long-Term LNG Carrier Deal With Alpha Gas

  • Strengthens India's energy supply chain
  • Enhances maritime capabilities & logistics
  • Features fuel-efficient, low-emission vessel
  • Supports long-term energy security
  • Aligns with Maritime Amrit Kaal Vision 2047
2 min read

GAIL signs long-term LNG carrier deal with Greek shipping major Alpha Gas to strengthen energy supply chain

GAIL strengthens India's energy supply chain with a long-term charter agreement with Greek shipping major Alpha Gas for an LNG carrier.

"a key milestone for GAIL under the government's Maritime Amrit Kaal Vision 2047 - Official Statement"

New Delhi, April 8

GAIL Limited has signed a long-term charter party agreement with Alpha Gas for an LNG carrier, marking a significant step towards strengthening India's energy supply chain and maritime capabilities.

The agreement was executed between GAIL and Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas, for the LNG carrier "Energy Fidelity."

The pact was signed by S Bairagi, Executive Director (Marketing - Shipping & International LNG), GAIL, and Anna Angelicoussis, Owner of Alpha Gas, at the company's headquarters in Athens.

The LNG carrier "Energy Fidelity" has a cargo capacity of 174,000 cubic meters and is equipped with a state-of-the-art two-stroke propulsion system. It also features advanced air lubrication technology and shaft generators, which enhance fuel efficiency and significantly reduce emissions.

The agreement is a key milestone for GAIL under the government's Maritime Amrit Kaal Vision 2047, aimed at boosting India's maritime infrastructure and ensuring long-term energy security.

GAIL, a Maharatna Public Sector Undertaking, is India's leading natural gas company with a diversified presence across the entire gas value chain, including trading, transmission, LNG shipping, re-gasification, petrochemicals, and city gas distribution.

The company operates a network of over 18,001 km of natural gas pipelines across the country and has built the largest LNG fleet in India as part of its logistics integration strategy. This enables GAIL to ensure an uninterrupted LNG supply to meet the country's growing energy demand.

In the LNG segment, GAIL has a large and diversified portfolio, positioning it among the top global LNG portfolio marketers and supporting long-term supply security.

Alpha Gas, a leading Greek shipping company, provides a wide range of LNG ship management services, including technical management, commercial operations, crewing, procurement, and newbuilding supervision.

The company is known for its strong focus on health, safety, quality, and environmental standards, while also investing in high-technology vessels with advanced energy efficiency features.

Through this partnership, both companies aim to enhance operational efficiency, strengthen energy logistics, and contribute to cleaner and more sustainable energy transportation.

- ANI

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Reader Comments

P
Priya S
Good to see focus on fuel efficiency and reduced emissions. The 'Energy Fidelity' seems like a modern vessel. Every bit helps in our fight against pollution and climate change.
R
Rohit P
Maritime Amrit Kaal Vision 2047 in action! Building our own shipping capabilities is smart. We can't just rely on foreign carriers forever. Jai Hind!
S
Sarah B
As an expat in India, it's impressive to see the scale of GAIL's operations. 18,000+ km of pipelines is massive. This deal seems like a logical expansion of their integrated strategy.
V
Vikram M
While this is a good move, I hope the deal terms are transparent and offer good value for money. PSUs must be extra careful with long-term charters. The focus should remain on affordable gas for consumers.
K
Karthik V
Strengthening the supply chain is key. With our growing energy needs, we need reliable partners like Alpha Gas. Hope this leads to more jobs and skill development in our maritime sector too.

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