GAIL (India) Limited has entered into a fourteen-year time charter party with Cool Company Ltd to strengthen its LNG carrier fleet by adding a newly constructed LNG carrier. The charter agreement is scheduled to begin in early 2025, with GAIL holding the option to extend the contract for an additional two years after the initial period.
The strategic collaboration highlights GAIL’s dedication to improving its LNG transportation capabilities in light of India’s increasing natural gas demand. As India continues to develop its infrastructure to support greater natural gas usage, partnerships like this are essential for meeting energy needs in a sustainable manner. As reported by ZEEBUSINESS, the new LNG carrier, featuring cutting-edge technology, is anticipated to be instrumental during this growth phase, ensuring the efficient and eco-friendly transportation of LNG.
