GAIL (India), MOL enter into long-term charter agreement

GAIL (India) and Mitsui O.S.K. Lines (MOL) have entered into a long-term charter agreement for an LNG carrier named ‘GAIL BHUWAN’. GAIL (India) and MOL share a long-standing business partnership, and this collaboration further strengthens cooperation in LNG shipping and energy logistics.

Relying on MOL’s proven track record in providing reliable transportation services -- including its high standards of safety and quality - and strong partnership, this contract has been signed between GAIL (India) and LNG Japonica Shipping Corporation, a Joint Venture between GAIL (India) (26%) and MOL (74%). The agreement marks an important milestone under the ‘Maritime Amrit Kaal Vision 2047’, reinforcing India’s maritime and energy supply chain capabilities. Both GAIL (India) and MOL have set the ambitious net zero emission targets, and this agreement contributes to the realization of a low- and decarbonized society.

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.