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GAIL signs 15-year Gas Sale and Purchase agreement with OIL

GAIL signs 15-year Gas Sale and Purchase agreement with OIL

GAIL (India) Limited has extended its Gas Sale and Purchase Agreement with Oil India Limited (OIL) for another 15 years from July 1, 2025, supplying up to 900,000 SCMD of natural gas from OIL’s Bakhri Tibba Block in Rajasthan to be used by the Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), highlighting the collaborative efforts of both Maharatna CPSEs to enhance energy security. The agreement was signed in New Delhi by senior executives of both companies and underscores their commitment to domestic gas production, transportation, and distribution. GAIL operates an extensive pipeline network of over 16,421 km transmitting more than 127 MMSCMD of natural gas in FY 2024-25, along with a significant LNG portfolio of 16.56 MMTPA, and has a strong presence in petrochemicals, city gas distribution, and renewable energy sectors, reflecting its holistic approach to energy development and diversification.

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