Gujarat Gas Halves Industrial Supply Amid US-Iran Conflict; Stock Under Scrutiny
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Gujarat Gas cuts 50% supply due to US-Iran war; Stock in focus
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CNBC TV18•04-03-2026, 08:14
Gujarat Gas cuts 50% supply due to US-Iran war; Stock in focus
•Gujarat Gas cuts 50% gas supply to the industrial sector, citing impact from the ongoing US-Iran war on R-LNG availability.
•The company informed customers via letter that the situation is a 'Force Majeure' event, warning of immediate supply suspension if consumption limits are exceeded.
•Qatar Energy halted LNG production after its infrastructure was hit by drones, severely affecting global supply.
•Gujarat Gas is highly exposed, with nearly 70% of its gas imports, particularly from Qatar, which supplies 40-50% of India's LNG.
•Brokerage firm Citi highlights increased near-term risk for India's gas value chain; Gujarat Gas shares fell 3% to ₹398.05.