GAIL inks long-term charter party agreement with Alpha Gas for LNG carrier
GAIL (India) Limited signed a long-term charter party agreement with Alpha Gas for the LNG carrier "Energy Fidelity." The vessel has a capacity of 174,000 cubic meters and advanced fuel-efficient technology. This agreement supports India's 'Maritime Amrit Kaal Vision 2047'.
The long-term charter party agreement for an LNG carrier is a strategic move that enhances GAIL's logistics capabilities and supports national energy security goals.
The agreement strengthens India's energy supply chain and maritime infrastructure, indicating positive business development.
GAIL (India) Limited has entered into a long-term charter party agreement with Alpha Gas, a prominent Greek shipping company, for the LNG carrier “Energy Fidelity.” The agreement was executed between GAIL and Pantheon Maritime Services Private Limited, an affiliate of Alpha Gas based in Singapore.
Shri S Bairagi, Executive Director (Mktg. - Shipping & International LNG) at GAIL, and Ms. Anna Angelicoussis, Owner of Alpha Gas, signed the agreement at Alpha Gas' headquarters in Athens. The "Energy Fidelity" is an LNG carrier with a cargo capacity of 174,000 cubic meters, featuring a two-stroke propulsion system, air lubrication technology, and shaft generators to enhance fuel efficiency and reduce emissions.
This charter party agreement is a significant milestone for GAIL under the ‘Maritime Amrit Kaal Vision 2047’ initiative, aimed at strengthening India's maritime infrastructure and energy supply chain capabilities.
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GAIL (India) Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GAIL (India) Limited. Read the original for the full detail.