GAIL and MOL Sign Long-Term LNG Carrier Charter Agreement
Filing Summary
GAIL (India) Limited and Mitsui O.S.K. Lines Ltd (MOL) have entered into a long-term charter contract for an LNG carrier named “GAIL BHUWAN.” The agreement was signed on January 27, 2026, during India Energy Week in Goa. This contract involves LNG Japonica Shipping Corporation Limited, a joint venture between GAIL (26%) and MOL (74%). The collaboration aligns with India’s “Maritime Amrit Kaal Vision 2047” and aims to enhance maritime and energy supply chain capabilities. GAIL continues to expand its LNG portfolio and maritime logistics to support India’s growing energy demands.
On January 27, 2026, GAIL (India) Limited and Mitsui O.S.K. Lines Ltd (MOL) signed a long-term charter contract for an LNG carrier named “GAIL BHUWAN.” The signing took place during India Energy Week 2026 in Goa. The agreement was executed between Shri. S Bairagi, Executive Director (International Shipping & LNG) of GAIL, and Mr. Hisashi Umemura, Director General, Headquarters of Energy Business, MOL.
The contract involves LNG Japonica Shipping Corporation Limited, a joint venture between GAIL, holding a 26% stake, and MOL, holding a 74% stake. This agreement is part of India’s “Maritime Amrit Kaal Vision 2047,” which focuses on enhancing the country’s maritime and energy supply chain capabilities. The collaboration is based on MOL’s established track record in providing reliable transportation services, including high standards of safety and quality.
GAIL is India’s leading natural gas company with interests across the natural gas value chain, including trading, transmission, LPG production, LNG shipping, and re-gasification. The company operates a network of over 18001 km of natural gas pipelines across India. In the LNG segment, GAIL has a large and diversified portfolio to ensure long-term supply security and is among the top global LNG portfolio marketers. The company has built the largest LNG fleet in India to support the country’s growing domestic energy demand.
MOL has identified Asia as a key region for economic growth under its “BLUE ACTION 2035” management plan. The company has been expanding its business presence in India, focusing on energy logistics to support the increasing demand for energy, including natural gas. Through this project and its partnership with GAIL, MOL aims to contribute to a stable energy supply in the region.
GAIL (India) Limited continues to focus on expanding its LNG portfolio and maritime logistics capabilities. The company aims to support India’s growing energy needs by ensuring uninterrupted LNG availability and enhancing its maritime infrastructure.