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.