en.Wedoany.com Reported - Indian gas company GAIL has signed a long-term charter agreement with Greek shipping company Alpha Gas for the LNG carrier "Energy Loyalty", with the cooperation being executed by Alpha Gas's Singapore affiliate, Pantheon Maritime Services Pte Ltd. This charter revolves around an LNG carrier, with the core asset being a vessel with a cargo capacity of 174,000 cubic meters. The cooperation aims to enhance India's maritime infrastructure and energy supply chain capabilities.
The signing ceremony was completed at Alpha Gas's headquarters in Athens. Shri Bhairon Singh, Executive Director of GAIL, and Ms. Anna Angelicoussis, owner of Alpha Gas, represented their respective parties in signing the agreement. Regarding the cooperation structure, GAIL, as the charterer, secures shipping capacity, while Alpha Gas and its Singapore affiliate are responsible for the vessel chartering arrangements and related execution. This formalizes the long-term charter relationship for the "Energy Loyalty".
The "Energy Loyalty" LNG carrier has a cargo capacity of 174,000 cubic meters. It is equipped with a two-stroke propulsion system, along with air lubrication technology and a shaft generator. The functions corresponding to this system combination are quite clear: to improve fuel efficiency and reduce emissions. This also provides a more complete picture of the LNG carrier's technical configuration and application direction.
From a project milestone perspective, this long-term charter agreement has been incorporated by GAIL into the framework of the "Maritime Amrit Kaal Vision 2047". For this cooperation, the key change is that the shipping capacity asset has moved from the intention stage to formal chartering arrangements. For the LNG transportation chain, the addition of this 174,000 cubic meter LNG carrier makes GAIL's vessel configuration in the LNG shipping segment more concrete.
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