Gas Stocks Surge 18% Amid Supply Worries in India Gas-related stocks experienced a significant rally on Wednesday, with Adani Total Gas leading the gains. The company's shares rose as much as 18%, hitting an intraday high of ₹561. Gujarat Gas also saw a sharp increase, climbing 12% to ₹420 during the trading session. Other gas-linked firms, including Petronet LNG, GAIL (India), Indraprastha Gas (IGL), and Mahanagar Gas (MGL), recorded gains exceeding 2% in response to heightened market concerns. The surge in gas stocks is linked to growing anxieties over supply disruptions in the region. The ongoing conflict between Iran and the Israel-US alliance has begun to affect India's energy market, particularly its natural gas and liquefied petroleum gas (LPG) supplies. Disruptions in shipments through the Strait of Hormuz, a critical global energy transit route, have tightened supply chains. Increased security risks for tanker movements have led several international suppliers to issue force majeure notices, citing operational challenges. India relies heavily on imported gas to meet domestic demand, making it vulnerable to such disruptions. In response to the escalating situation, the Indian government has introduced the Natural Gas (Supply Regulation) Order 2026. This directive prioritizes the production and allocation of piped natural gas (PNG), compressed natural gas (CNG), and LPG to ensure stability in the domestic market. The order also invokes the Essential Commodities Act of 1955 (ESMA) to safeguard uninterrupted access to cooking gas. Under the new measures, refineries and petrochemical units have been instructed to maximize LPG output and redirect key hydrocarbon resources to the LPG supply chain. The government's actions aim to mitigate the impact of supply shortages and stabilize prices for consumers.#adani_total_gas #gujarat_gas #petronet_lng #gail_india #indraprastha_gas
India and Europe face worsening fuel shortages as Gulf gas supplies face disruptions amid escalating tensions in the Middle East. The crisis has been intensified by Qatar’s suspension of liquefied natural gas (LNG) production following a drone attack, which has sent global gas prices soaring and forced major energy companies to adjust their supply strategies. Industry insiders revealed that India’s top LNG importer, Petronet LNG Ltd, has notified state-owned gas marketing company GAIL (India) and other firms about reduced supply volumes. Cuts range from 10 to 30 percent, according to sources, as companies seek to avoid penalties under contractual terms. GAIL and Indian Oil Corp (IOC) informed customers of the supply reductions late Monday, prompting adjustments in their operations. India, the world’s fourth-largest LNG buyer, relies heavily on Middle Eastern imports, with Abu Dhabi National Oil Company and Qatar being its primary suppliers. The country’s reliance on these sources has now been tested as QatarEnergy, the world’s largest LNG producer, halted production after attacks on its facilities in Mesaieed Industrial City and Ras Laffan. The company declared force majeure, citing extraordinary circumstances beyond its control, to exempt itself from contractual obligations. The disruption has exacerbated global LNG supply shortages, with Qatar’s exports accounting for 20 percent of the global market. Reduced availability has driven prices to record highs, while spot tenders are being issued by companies like IOC, GAIL, and Petronet LNG to mitigate the shortfall. However, rising freight and insurance costs have further strained the market. Meanwhile, European gas prices have surged, with the Dutch TTF benchmark contract jumping over 33 percent on Tuesday, following a nearly 40 percent spike the previous day.#qatar #qatarenergy #indian_oil_corp #gail_india #petronet_lng_ltd
