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Indian Energy Firm GAIL Acquires Oman LNG Cargo, Sources Report
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GAIL Secures Oman LNG Cargo Amid India's Surging Gas Demand
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CNBC TV18
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11-03-2026, 16:31
GAIL Secures Oman LNG Cargo Amid India's Surging Gas Demand
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GAIL (India) has purchased a prompt Oman LNG cargo from a European trader for $17-$20 per million British thermal units.
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The cargo, on vessel Orion Hugo chartered by Shell, is expected to arrive in India around March 15.
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The acquisition aims to help India meet its growing natural gas demand, as the nation imports half of its 195 mmscmd consumption.
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India faces gas supply disruptions from the Middle East due to the Strait of Hormuz closure and Qatar's force majeure.
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The country is rationalizing gas supplies, diverting fuel from non-priority sectors to key users.
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