Iran-Israel Conflict: Gas Supply Poses Bigger Risk to India Than Oil, Key Stocks Impacted

• Citi note highlights gas supply as a greater risk for India than oil amid Iran-Israel conflict.
• Qatar's halt in LNG production is critical, as it supplies 40-50% of India's LNG imports.
• Petronet LNG faces significant volume risks; Gujarat Gas is high-risk due to Qatari reliance.
• GAIL India's transmission volumes are at risk but mitigated by diversification and other business gains.
• LNG prices could surge to $14-18/mmbtu short-term, potentially $30/mmbtu if disruption lasts three months.