Iran War Chokes LNG: Fertiliser, City Gas, Trucking Firms Scramble for Alternatives

• Iran war and Strait of Hormuz blockage halt Qatar's LNG shipments, causing a severe supply shock for Indian industries.
• Fertiliser manufacturers, city gas distributors, and LNG truck operators face rapidly depleting inventories and potential margin pressure.
• Around half of India's LNG is sourced from the affected region; Crisil warns of higher subsidy needs for urea and margin pressure for CGD entities.
• Petronet LNG and Gujarat Gas declare force majeure due to supply disruptions, impacting terminals and industrial customers.
• GAIL, Mahanagar Gas, and Indraprastha Gas are relatively insulated due to diversified sourcing and priority segment sales.