GAIL (India) Limited has signed a long-term charter agreement with Mitsui O.S.K. Lines (MOL) for an LNG carrier as part of efforts to strengthen LNG shipping and energy logistics.
The agreement, formalised during India Energy Week 2026, reflects continued cooperation between the two companies in supporting India’s natural gas supply chain and maritime infrastructure.
GAIL and MOL have entered into a long-term charter contract for an LNG carrier named “GAIL Bhuwan”. The agreement was signed on 27 January 2026 in Goa during India Energy Week.
The contract has been executed between GAIL and LNG Japonica Shipping Corporation Limited, a joint venture in which GAIL holds a 26% stake and MOL holds 74%.
The partnership builds on an existing business relationship between the two organisations in LNG transportation and shipping services.
The agreement is intended to enhance LNG shipping capacity and strengthen energy logistics infrastructure supporting India’s growing natural gas demand. It also aligns with broader maritime development initiatives and aims to reinforce supply chain reliability in LNG transport.
Both companies have stated that the collaboration contributes towards their longer-term emission reduction objectives and continued focus on sustainable shipping practices.
GAIL operates a nationwide natural gas pipeline network extending over 18,000 kilometres. The company maintains a diversified LNG portfolio to support long-term supply security and has developed an LNG shipping fleet as part of its logistics integration strategy.
Its operations span gas trading, transmission, LNG regasification, petrochemicals and city gas distribution.
MOL has identified Asia as a key growth region under its long-term management plan. In India, the company has expanded its presence in energy-related transport and logistics.
The agreement with GAIL supports MOL’s continued participation in energy supply infrastructure serving rising regional demand.
GAIL shares were trading at ₹165.60 on 28 January 2026, compared with a previous close of ₹159.98. The stock opened at ₹161.10 and moved between ₹161.10 and ₹166.26 during the session.
Read More: Moody’s Sees India–EU Trade Pact Supporting Manufacturing and Investment.
The charter agreement between GAIL and MOL represents a further step in developing LNG transport capabilities and energy logistics infrastructure. The partnership provides additional support for natural gas supply operations while reinforcing ongoing cooperation in maritime and energy-related services.
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Published on: Jan 28, 2026, 12:09 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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