Petronet LNG, GAIL Shares Plunge Amid Qatar's Ras Laffan Facility Damage

• Petronet LNG and GAIL (India) shares dropped sharply after reports of damage at Qatar’s Ras Laffan LNG facility.
• Petronet LNG shares fell 5.85% to Rs 274.55, while GAIL (India) stock slipped 3.15% to Rs 146.2.
• The selloff is due to escalating geopolitical tensions impacting key energy infrastructure in the Middle East.
• Ras Laffan Industrial City, the world’s largest LNG export hub, was reportedly hit by an Iranian missile.
• Damage to Ras Laffan, which accounts for one-fifth of global LNG supply, raises fears of supply disruptions and affects LNG-reliant companies.