GAIL (India) Limited has signed a long-term charter contract with Kawasaki Kisen Kaisha, Ltd. (“K” LINE) for a newly built LNG ship, set to begin operations in 2027. The vessel, with a capacity of 1,74,000 cubic metres, will be constructed by Samsung Heavy Industries Co. Ltd., Korea.
Key Highlights:
- Modern LNG Carrier: The two-stroke vessel will enhance GAIL’s LNG transportation capabilities.
- Partnership Details: The agreement marks the first long-term contract between GAIL and “K” LINE, a company with over 40 years of LNG transportation expertise.
- Growing Fleet: GAIL currently operates four LNG vessels and plans to expand with two more ships next year, including another new-build on a long-term charter.
- Diversified Sourcing: GAIL’s LNG portfolio exceeds 15 MMTPA, sourced from multiple geographies on FOB and DES terms, catering to domestic and international demand.
This strategic partnership aligns with GAIL’s commitment to bolstering India’s energy security while meeting global LNG demand efficiently.
