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 signed by Shri S Bairagi, Executive Director (Mktg. – Shipping & International LNG) of GAIL, and Ms. Anna Angelicoussis, Owner of Alpha Gas, at the company’s headquarters in Athens.
The LNG carrier ‘Energy Fidelity’ boasts a cargo capacity of 174,000 cubic meters and is equipped with a state-of-the-art two-stroke propulsion system. This system is enhanced by advanced air lubrication technology and shaft generators, which collectively improve fuel efficiency and significantly reduce emissions. The charter party agreement is a significant milestone for GAIL under the ‘Maritime Amrit Kaal Vision 2047’, aiming to strengthen India’s maritime infrastructure and energy supply chain capabilities.
GAIL (India) Limited is India’s leading natural gas company with diverse interests across the natural gas value chain, including trading, transmission, LPG production, LNG shipping, and petrochemicals. The company operates an extensive network of over 18,001 km of natural gas pipelines across India. In the LNG segment, GAIL has a large and diversified portfolio to ensure long-term supply security and is among the top global LNG portfolio marketers. The company has built the largest LNG fleet in India, enhancing the country’s maritime capabilities and ensuring uninterrupted LNG availability to meet growing domestic demand.
Alpha Gas, a leading Greek shipping company, offers comprehensive LNG ship management services, including technical management, commercial operations, and procurement. The company is known for its rich maritime heritage and modern operational excellence, focusing on high technology vessels with the latest energy efficiency innovations. Alpha Gas is committed to providing safe, innovative, and environmentally responsible solutions, supporting cleaner energy and fostering long-term value and partnerships for stakeholders.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).