US EditionIndia's Industrial Gas Supply Slashed After Qatar Suspends Output
India's industrial gas supply cut by 10-30% after Qatar halts LNG production due to damaged facilities amid Gulf conflict, prompting spot tender plans by major importers.
- After Qatar halted liquefaction output on Monday, India's gas marketing companies informed industrial customers of lower supply, with Petronet LNG Ltd notifying GAIL and others.
- After Iranian airstrikes damaged Ras Laffan Industrial City and Mesaieed Industrial City, QatarEnergy said military attacks forced it to cease LNG and related production.
- Market sources say importers will shift to spot purchases as GAIL and Indian Oil Corporation cut industrial customers' gas supply by 10% to 30%.
- Prices in Asia and Europe have surged as gas prices soared to levels not seen since 2022, tightening the market for India amid halted tanker traffic through the Strait of Hormuz.
- Amid the wider Gulf conflict, several other major producers have shut down production along the Gulf coast, while Majed bin Mohammed Al Ansari said Qatar contained damage and has had no contact with Tehran since Saturday.
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30 Articles
Qatar has taken a major step following the Iranian attack, drastically reducing its LNG exports to India. India is dependent on Qatar for natural gas. Following Qatar's decision, Indian companies have cut gas supplies to industries.
The bottleneck is mainly felt by Asia, gas is becoming more expensive. Currently, no gas shortage is foreseeable in Europe.
If gas prices blaze, the rise in oil prices is more contained. Explanations. ...
India's Industrial Gas Supply Slashed After Qatar Suspends Output
India’s gas marketing companies have informed industrial customers they would receive lower gas supply, industry sources told Reuters, after Qatar announced on Monday it would halt LNG production due to attacks on its liquefaction facilities. QatarEnergy, the state firm of the world’s second-largest LNG exporter, on Monday announced that “Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed I…
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