NEW DELHI: GAIL has inked a multibillion dollar deal for sourcing one million tonne of LNG annually for 10 years from commodities trading giant Vitol, marking the state-run utility’s first long-term deal in a decade amid rising domestic demand. Vitol will start shipping super-chilled gas from 2026, even as GAIL is negotiating more such deals with others in view of a projected demand of 500 mcmd by 2030 from 155 at present.
