GAIL (India) Limited has entered into a long-term charter party agreement with Alpha Gas for the 174,000 cubic meter LNG carrier, Energy Fidelity. This strategic move aligns with India’s ‘Maritime Amrit Kaal Vision 2047’, aimed at bolstering the nation’s energy supply chain and maritime infrastructure. The agreement was executed between GAIL and Pantheon Maritime Services, an affiliate of the Greek shipping major, further expanding GAIL’s extensive global LNG logistics capabilities.
Strategic Fleet Expansion
As part of its ongoing logistics integration strategy, GAIL (India) Limited has solidified a long-term charter arrangement for the Energy Fidelity. This vessel features a substantial capacity of 174,000 cubic meters and represents a significant addition to the company’s efforts to ensure consistent, long-term supply security for India’s domestic natural gas demand.
Technological and Environmental Advancements
The Energy Fidelity is engineered with cutting-edge maritime technology to enhance performance and environmental sustainability. The carrier is equipped with a state-of-the-art two-stroke propulsion system, integrated with advanced air lubrication technology and high-efficiency shaft generators. These features are designed to optimize fuel consumption and substantially reduce operational emissions, aligning with global green shipping standards.
Strengthening India’s Maritime Vision
The agreement was formalized in Athens by Shri S Bairagi, Executive Director (Mktg. – Shipping & International LNG) of GAIL, and Ms. Anna Angelicoussis, owner of Alpha Gas. This milestone supports the broader objectives of the ‘Maritime Amrit Kaal Vision 2047’, a national initiative dedicated to upgrading India’s maritime capabilities and global energy logistics footprint. By partnering with a reputable entity like Alpha Gas, GAIL continues to fortify its position as one of the world’s leading LNG portfolio marketers.
Source: BSE
