GAIL signs long-term deal with K-LINE for a new LNG ship, expanding India's energy fleet.

Indian energy firm GAIL signed a long-term charter contract with Japanese shipping company K-LINE for a new LNG ship, to be built by Samsung Heavy Industries and expected to start operations in 2027. This marks GAIL's first long-term deal with K-LINE for a new vessel. The 174,000 cubic meter ship will expand GAIL's LNG fleet, currently consisting of four vessels, with two more set to join next year. This move aims to meet growing energy demands in India and internationally.

November 29, 2024
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