The company said it has issued Force Majeure Notices to its Industrial Customers in terms of the provisions of the Gas Supply Agreements restricting the Daily Contracted Quantity effective from 6th March, 2026.
Acts of War is not covered under the Insurance taken by Gujarat Gas Limited. The likely impact of Force Majeure which is currently an ongoing event cannot be estimated at this point of time. The Company is closely monitoring the developments, it said.
Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade has been closed amid the US-Israel-Iran war. The supplies have been hit.
India’s liquefied natural gas (LNG) supply chain is facing disruption after Qatar, its single-largest supplier, declared force majeure on deliveries following a halt in production at its Ras Laffan facility. Qatar supplies 10–11 MTPA of LNG to India, tantamount to 45 per cent of its imports, Sehul Bhatt, Director, Crisil Intelligence said.
Parallelly, India’s largest LNG terminal operator (Petronet LNG), has also invoked force majeure for its affected tankers after insurers pulled out of key Middle East routes leading to choking of supplies in the Strait of Hormuz. It has also served force majeure notices to downstream off-takers, mostly oil marketing companies and public sector utilities, leading to curtailed supplies, he said.
