CoolCo inks long-term charter deal with GAIL

LNG carrier pure-play Cool Company (CoolCo) has landed a 14-year charter deal with India’s top gas utility GAIL for one of its vessels under construction in South Korea. The New York and Oslo-listed owner and operator said the charter, starting in early 2025, comes with the option to extend by two additional years. The deal

GAIL seeks to add LNG tanker for US project

State-controlled gas distributor Gail plans to add an LNG tanker to ship cargoes from the US, two persons with knowledge of the matter told. Gail is seeking delivery of the tanker between October 2024 and September 2025 for a minimum period of seven years, which can be extended by another two years, a source in

GAIL signs deal with Vitol for LNG supply

GAIL (India) Limited has signed a deal with global commodity trader Vitol Asia to buy around one million metric tons of liquefied natural gas (LNG) annually for 10 years, starting 2026, the state-owned firm said on January 5. Vitol will deliver LNG from its global LNG portfolio to GAIL at various locations in India, GAIL

GAIL does world’s first ship-to-ship LNG transfer

Top gas firm GAIL has done the world’s first ship-to-ship liquefied natural gas (LNG) transfer to save on shipping costs and cut emissions as the state-owned entity looks at innovative ways as a pivot to boost business, company officials said. GAIL has contracted 5.8 million tonnes per annum of LNG (natural gas super-cooled to liquid

GAIL exploring opportunities to tie up with LNG producers

In GAIL's annual report for 2022-23, the company stated that natural gas could meet the increasing demand for clean, affordable energy with limited deployment of capital and significant impact on emissions.

GAIL, LanzaTech join hands to explore bio-recycling carbon waste into fuels and chemicals

GAIL (India) Ltd, the country’s largest gas distributor, and LanzaTech Global, an innovative carbon capture and utilization company that converts waste carbon into products that people use in their daily lives, have entered a partnership to explore innovative technology solutions that advance GAIL’s net zero 2040 goals and have the potential to support wider decarbonization

ONGC sells KG basin field’s gas

In an e-auction, the firm sold 1.4 million standard cubic meters per day - a fraction of the planned output from the block that sits next to Reliance Industries' prolific KG-D6 area in the Bay of Bengal, to Torrent Gas Pune Ltd, GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).

GAIL bags licence for Gurdaspur-Jammu gas pipeline

State-owned GAIL (India) Ltd beats Indian Oil Corporation (IOC) to win a licence to build a gas pipeline from Gurdaspur in Punjab to Jammu, oil regulator PNGRB said. In a statement, Petroleum and Natural Gas Regulatory Board (PNGRB) said that it had in January invited application cum bids for grant of authorisation for the Gurdaspur-Jammu

GAIL issues swap tender for LNG

According to industry sources, Gas Authority of India Limited (India) has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the United States in exchange for 12 cargoes for delivery into India in 2024. India’s largest gas distributor is offering the cargoes for loading from the Sabine Pass terminal

GAIL to import ethane from the US

GAIL is looking to import ethane from the US, and, it has issued an expression of interest (EOI) for chartering a very large ethane carrier (VLEC) for 20 years, with an option to extend it for another five years. GAIL intends to use the same vessel for co-transporting ethane and LNG in different compartments. GAIL