GAIL announced via social media that it had on Monday “flagged off” the LNG vessel Energy Fidelity from Cheniere’s Sabine Pass LNG export terminal in Louisiana, “demonstrating a commitment to securing reliable and sustainable fuel sources.”
Within GAIL’s long-term LNG shipping portfolio, the LNG carrier stands as a “testament to India’s growing strength in building a robust, future-ready energy ecosystem” and “strengthens India’s energy logistics, ensuring a resilient supply chain and a reliable flow of cleaner fuel to support the country’s growth.”
This milestone also reflects the “deepening” energy partnership between India and the US, GAIL said.
GAIL has a long-term LNG offtake deal with Cheniere for Sabine Pass volumes.
The state-owned firm has a diversified LNG sourcing portfolio for over 15 mtpa, which includes supply sources from various geographies both on FOB and DES basis.
The long-term contracts include volumes from the US, Qatar, and the UAE.
Gail is also a shareholder in India’s largest LNG importer Petronet LNG, along with three other major Indian firms, ONGC, IOCL, and BPCL.
Petronet issued a force majeure notice on March 3 to its offtakers, including its shareholder GAIL, after it received a notice from state-owned LNG giant QatarEnergy, which stopped production at its giant Ras Laffan LNG plant due to attacks.
Last month, the Indian government invoked emergency measures, prioritizing gas allocation to essential sectors amid the disruption of LNG shipments through the Strait of Hormuz.
