https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

5-Year LNG Deal: GAIL to Begin Imports from Qatar Energy Next Month

GAIL currently manages an LNG portfolio of 14 MTPA, with plans to expand it by 7-8 MTPA by 2030
Indian Masterminds Stories

Maharatna PSU GAIL (India) Ltd will begin importing liquefied natural gas (LNG) from Qatar Energy Trading next month under a five-year contract, receiving 12 cargoes annually. This move aligns with GAIL’s strategy to secure long-term gas supplies amid India’s growing energy demand.

Also Read: BHEL Secures EPC Contract for Supercritical Thermal Plant in Chhattisgarh

GAIL Chairman and Managing Director Mr. Sandeep Kumar Gupta confirmed that purchases under the deal would commence in April. The agreement was finalized in December 2024 through a competitive LNG procurement tender.

In addition to the Qatar Energy deal, GAIL has recently signed multiple long-term LNG procurement contracts. The company has entered into a 10-year agreement with commodity trader Vitol Asia for approximately 1 million tonnes per annum (MTPA) of LNG from 2026. It has also secured a 0.5 MTPA supply contract with the UAE’s ADNOC Gas for a similar 10-year period. These agreements support India’s goal of increasing the share of natural gas in its energy mix to 15% by 2030.

Other public sector enterprises are also securing LNG supplies. Indian Oil Corporation (IOC) has signed agreements with ADNOC LNG for 1.2 MTPA over 14 years and with TotalEnergies for 800,000 tonnes per annum over 10 years.

Mr. Gupta stated that GAIL is actively exploring additional medium- and long-term LNG contracts to meet rising demand but did not disclose the pricing details of the Qatar Energy deal.

GAIL currently manages an LNG portfolio of 14 MTPA, with plans to expand it by 7-8 MTPA by 2030. The company has existing long-term contracts with US suppliers for 5.8 MTPA of LNG and a 2.5 MTPA supply agreement with Germany’s SEFE. GAIL also operates an extensive 16,000 km natural gas pipeline network, holding a dominant share in India’s gas transmission and trading sectors.

Industry sources suggest that the Qatar Energy deal is priced at a slope of 115% to Henry Hub plus a fixed component of USD 5.66 per mmBtu, with deliveries scheduled along India’s west coast. These strategic LNG agreements reinforce GAIL’s role in enhancing India’s energy security and transitioning to a gas-based economy.

Also Read: ONGC NTPC Green Completes Ayana Acquisition for Rs 6,248.50 Crore


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
NHPC_resized_2
NHPC Partners with JSW Energy to Secure 300 MW Solar-Wind Hybrid PPA
nmdc resized
NMDC Powers Tribal Healthcare Dreams with Fully-Funded Courses for Chhattisgarh Youth
Anurag Gupta Jharkhand
Centre, State Clash Over DGP Appointment: Jharkhand’s Anurag Gupta to Receive Provisional Pay Slip Amid Legal Row
chhattisgarh Police IPS
Chhattisgarh: 9 IPS Officers Transferred, Robinson Guria Appointed SP, Narayanpur, Pooja Kumar SP (Radio), Bilaspur
CM Yogi Adityanath UP government
CM Yogi’s Vision: UP Signs MoU with NDDB to Revamp Dairy Sector, Boost Farmer Income
Goa Shipyard Limited (GSL) Awards
Goa Shipyard Ltd (GSL) Clinches Twin Honours with Best CMA CFO & Cost Excellence Titles at CMA Awards 2024 for Financial Leadership
Jharia coalfield region
Rs 5,940-Cr Jharia Plan Cleared: Govt to Provide Livelihood Grant, Credit Support to Displaced Families - Sustainable Rehabilitation
NALCO Initiative
Powering Performance: NALCO Launches High-Strength IA90 Alloy Ingot, Targeting India’s Growing Auto Sector - Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-06-25 at 5.07
Why Has the DGCA Fined Air India Rs 5 Crore Since Privatisation?
Former Diplomat Ashok Sajjanhar
Iran Is Weakest Now, Needs a Face-Saver
WhatsApp Image 2025-06-23 at 12.39
Retired Officers Lead 7-Day Mission to Revive Betwa River with 55 Check Dams | Video Interview
ADVERTISEMENT
UPSC Stories
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
WhatsApp Image 2025-06-18 at 10.31
"I Just Wanted to Breathe Again": The Man Who Fought Death and Made It to UPSC
Struck by COVID at the peak of his UPSC prep, Devanand Telgote spent months on ECMO, unsure he'd live,...
Social Media
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
Tiger jump Sundarban
Stunning Viral Video Shows Royal Bengal Tiger Making Spectacular 30-Foot Leap Across River in Sunderbans - See It Here
Retired Indian Forest Service (IFS) officer Susanta Nanda shared the clip online, which quickly went...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
NHPC_resized_2
NHPC Partners with JSW Energy to Secure 300 MW Solar-Wind Hybrid PPA
nmdc resized
NMDC Powers Tribal Healthcare Dreams with Fully-Funded Courses for Chhattisgarh Youth
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-06-25 at 5.07
Former Diplomat Ashok Sajjanhar
WhatsApp Image 2025-06-23 at 12.39
ADVERTISEMENT
ADVERTISEMENT