In a recent news, GAIL (India) Limited has gone on to ink a long-term charter party agreement with Alpha Gas for an LNG carrier. This is indeed a big step toward making the energy supply chain robust as well as maritime capabilities in India stronger. The deal was reached between GAIL and Pantheon Maritime Services Private Limited, which is an Alpha Gas affiliate based in Singapore, for the LNG carrier Energy Fidelity.
At the company’s headquarters in Athens, the Executive Director – Marketing – Shipping & International LNG for GAIL, S. Bairagi, and the Owner of Alpha Gas, Anna Angelicoussis, signed the agreement.
It is well to be noted that Energy Fidelity, which is the LNG carrier, can hold 174,000 cubic meters of cargo and also has a cutting-edge two-stroke propulsion system. It also possesses an advanced air lubrication technology and shaft generators, which go on to make the engine run more efficiently and cut down on pollution quite significantly.
Apparently, the deal is indeed a big step forward for GAIL as part of the Maritime Amrit Kaal Vision 2047 plan by the government, which aims to improve the maritime infrastructure of India and make sure the country has enough energy in the long term.
Notably, GAIL is India’s biggest natural gas company. It is a Maharatna Public Sector Undertaking involved in all parts of the gas value chain, right from trading and transmission to LNG shipping, re-gasification, and petrochemicals, as well as city gas distribution.
As part of its strategy to integrate logistics, the company has built the largest LNG fleet in India and also runs a network of over 18,001 km of natural gas pipelines throughout the country. This lets GAIL make sure that the growing energy needs of the country are met with a consistent supply of LNG.
GAIL has a large and varied LNG portfolio, which makes it one of the top LNG portfolio marketers in the world and helps it ensure long-term supply security.
Alpha Gas is a leading Greek shipping company that offers a wide range of LNG ship management services, such as technical management, commercial operations, and procurement and crewing, as well as overseeing the building of new ships.
The company is known for putting a lot of emphasis on health, safety, and quality, as well as environmental standards. It also invests in high-tech ships that are very energy-efficient.
Both companies want to improve operational efficiency and turn energy supply chain robust, as well as help make energy transportation cleaner and more sustainable by way of this partnership.
