NEW DELHI: State-run gas utility GAIL (India) Limited on Thursday said it is assessing the potential impact on downstream customers after Petronet LNG Limited halted liquefied natural gas (LNG) supplies under one of its long-term contracts. In a regulatory filing, GAIL said Petronet LNG issued a force majeure notice on March 3, 2026, under their Gas Sale and Purchase Agreement. Further complicating the situation, QatarEnergy, the upstream LNG supplier to Petronet LNG, has indicated the possibility of a force majeure event due to recent hostilities in the region. “As a consequence of supply restrictions imposed by Petronet LNG, the allocation of LNG quantities to GAIL under the contract has been reduced to zero with effect from March 4, 2026,” the company said in the filing. However, GAIL clarified that LNG supplies from other sources and suppliers remain unaffected at present.

Source: Indian Express March 05, 2026 09:56 UTC