GAIL inks 10-year LNG deal with trading company Vitol

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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.

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