The government company said on Tuesday that it has signed a long-term charter agreement with Greek company Alpha Gas for the liquefied natural gas (LNG) carrier ‘Energy Fidelity’. GAIL said in a statement that the agreement was signed with Alpha Gas’s Singapore-based subsidiary Pantheon Maritime Services, and was signed by senior officials of both companies in Athens.
how much will lng cost
GAIL said that this ship, with a capacity of 174,000 cubic meters, is equipped with advanced propulsion and fuel efficient technologies aimed at reducing emissions. This agreement is a part of GAIL’s strategy to strengthen its LNG shipping capacity and support India’s long-term energy security. GAIL will use this carrier to import Liquefied Natural Gas (LNG) from countries like America and Russia.
GAIL is the country’s largest gas company
GAIL is India’s largest natural gas company with diversified interests in trading, transmission, LPG production and transmission, LNG shipping, LNG re-gasification, petrochemicals and city gas. The company has a network of more than 18,001 km long natural gas pipelines, spread across the country. This network is owned and operated by the company itself. Alpha Gas is a leading shipping company in Greece, providing a comprehensive in-house package of LNG ship management services.
GAIL shares rise
However, there was a rise in the shares of GAIL India on Tuesday. According to BSE data, GAIL shares closed at Rs 145.25 on Tuesday with a rise of 1.47 per cent. Whereas during the trading session the company’s shares reached the day’s high of Rs 145.75. However, the company’s shares had opened at Rs 143.95 and in early trade the company’s shares also reached the day’s lower level at Rs 141.05. However, on June 12, 2025, the company’s shares had reached a 52-week high of Rs 202.65. On March 23, 2026, the company’s shares had reached a 52-week low of Rs 134.35.