Adani Total Gas Reduces Excess Gas Price For Industries By Nearly 30% Adani Total Gas Limited announced a significant reduction in the price of excess natural gas supplied to industrial customers, lowering the rate from Rs 119.90 per standard cubic metre (SCM) to Rs 82.95 per SCM. The revised pricing will take effect from 6:00 am on March 16. The company attributed the adjustment to declining upstream gas prices, which have softened amid ongoing supply disruptions linked to the West Asia crisis. The price cut is part of Adani Total Gas’s efforts to pass on cost savings to customers while maintaining stable gas distribution during current supply constraints. Earlier this year, the company had requested industrial and commercial users to limit their gas consumption to 40% of contracted volumes following disruptions in India’s liquefied natural gas (LNG) supplies. These disruptions were caused by the halt in ship movements through the Strait of Hormuz due to the ongoing conflict in the region. Customers exceeding this limit were previously charged spot market rates for additional gas usage. Despite the price reduction for excess gas, Adani Total Gas stated that other terms related to excess supply remain unchanged. The company emphasized that the revision reflects the decline in upstream gas prices while ensuring system stability amid ongoing supply challenges. It also mentioned seeking clarification from GAIL (India) Ltd regarding the 80% supply allocation to industrial customers under existing agreements. In a separate development, Adani Total Gas decided not to raise prices for compressed natural gas (CNG) and piped cooking gas supplied to households, despite supply challenges.#strait_of_hormuz #adani_total_gas #totalenergies #adani_group #gail_india_ltd
