GAIL Share Price in Focus; Signs Long-Term LNG Carrier Charter Agreement with Alpha Gas

GAIL (India) Limited, a Maharatna Public Sector Undertaking, has signed a long-term charter party agreement with Alpha Gas, a prominent Greek shipping company, for the liquefied natural gas carrier named Energy Fidelity. 

The agreement was executed between GAIL and Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas.

The agreement was formally signed in Athens at the headquarters of Alpha Gas. Shri S Bairagi, Executive Director (Marketing – Shipping and International LNG) at GAIL, and Ms. Anna Angelicoussis, owner of Alpha Gas, represented their respective organisations during the signing ceremony.

Details of the LNG Carrier

The LNG vessel Energy Fidelity has a cargo capacity of 174,000 cubic meters, making it suitable for large-scale LNG transportation. The vessel is designed with advanced maritime technologies to ensure efficient operations and reduced environmental impact.

It is equipped with a modern two-stroke propulsion system that enhances fuel efficiency. In addition, the ship incorporates advanced air lubrication technology and shaft generators, which help optimise energy usage and significantly lower emissions during operations.

Strategic Importance of the Agreement

The charter party agreement represents an important step in strengthening GAIL’s LNG transportation capabilities. As India continues to increase its reliance on cleaner energy sources such as natural gas, efficient logistics and shipping infrastructure become critical to ensuring a stable energy supply.

This collaboration also aligns with the government’s broader maritime development plans and highlights the role of international partnerships in supporting India’s growing energy needs.

GAIL Share Price Today

On April 8, 2026, GAIL share price opened at ₹152.71. At 11:04 AM, the share price of GAIL was trading at ₹152.97, up by 5.22% on the NSE.

Also Read: GAIL Signs MoU with RailTel to Explore Telecom Business Opportunities!

Conclusion

The long-term charter agreement for the LNG carrier Energy Fidelity marks a significant milestone for GAIL’s shipping and LNG operations. By enhancing its LNG transportation capacity with modern and energy-efficient vessels, GAIL aims to further strengthen India’s energy supply chain and contribute to the goals outlined under the Maritime Amrit Kaal Vision 2047.

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