LNG

GAIL (India) Ltd, the shareholder in Petronet LNG and the operator of the Dabhol import terminal in the West Coast state of Maharashtra, signed a long-term supply deal with global commodities firm Vitol.

The European energy crisis is expected to last for several years and in addition to limits on global liquefied natural gas supplies there has also been less than adequate investment in regasification facilities.

Cheniere Energy, the leading US LNG exporter, has signed its latest supply agreement with Switzerland-based global commodities company Vitol.