New Delhi:Amid rising tensions in West Asia involving Iran and Israel, Qatar has reportedly halted liquefied natural gas (LNG) production after its energy facilities were targeted. The move is expected to disrupt gas supplies to India.
Qatar, which supplies nearly 40% of India’s total LNG imports, has declared force majeure following difficulties in shipping cargo through the Strait of Hormuz — a key global energy route now facing security risks.
India’s largest LNG importer, Petronet LNG Limited, said it has been unable to send ships to load cargo from Qatar’s Ras Laffan port due to safety concerns. The company has issued a force majeure notice to QatarEnergy.
The disruption could lead to a supply cut of up to 40% for some industrial users and city gas distribution (CGD) companies. This may affect CNG availability for vehicles and piped cooking gas for households.
Industry officials warned that replacing contracted Qatari LNG with expensive spot cargoes could increase costs and weaken CNG’s price advantage, potentially pushing consumers toward electric vehicles.
India imports around 27 million tonnes of LNG annually, with Qatar being its largest supplier. The ongoing conflict in the region has raised serious concerns about energy security and supply stability.
Qatar, which supplies nearly 40% of India’s total LNG imports, has declared force majeure following difficulties in shipping cargo through the Strait of Hormuz — a key global energy route now facing security risks.
India’s largest LNG importer, Petronet LNG Limited, said it has been unable to send ships to load cargo from Qatar’s Ras Laffan port due to safety concerns. The company has issued a force majeure notice to QatarEnergy.
The disruption could lead to a supply cut of up to 40% for some industrial users and city gas distribution (CGD) companies. This may affect CNG availability for vehicles and piped cooking gas for households.
Industry officials warned that replacing contracted Qatari LNG with expensive spot cargoes could increase costs and weaken CNG’s price advantage, potentially pushing consumers toward electric vehicles.
India imports around 27 million tonnes of LNG annually, with Qatar being its largest supplier. The ongoing conflict in the region has raised serious concerns about energy security and supply stability.