GAIL acquires a new LNG ship from Mitsui OSK Lines

State-owned gas firm GAIL (India) Limited has hired a newly built LNG ship from Japan’s Mitsui OSK Lines for ferrying gas from countries such as the US for three years beginning 2021, and plans to charter hire additional vessels. GAIL has entered into long-term LNG supply contracts with the US (5.8 mtpa) and Russia (2.5 mt) and is also actively trading gas in the international market. GAIL is also exploring opportunities to market LNG volumes in international markets either directly and/or through its subsidiary, GAIL Global Singapore Pte Limited.

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