Vitesse Energy Soars 4.14%: LNG Market Surge!

Vitesse Energy, Inc. rose 4.14% in after-hours trading. The increase in stock price can be attributed to the news that GAIL (India) Ltd has started the year-round operation of its Dabhol-LNG-Terminal in Maharashtra, India. The terminal, which was previously closed for four months during the rainy season, is now equipped with a wave breaker system that allows ships to dock safely, making it an "all-weather port." This development is expected to significantly improve the accessibility of ships and the capacity utilization of the terminal, which could positively impact the demand for LNG and related energy stocks.