Petronet LNG, GAIL Shares Decline After Damage to Qatar's Ras Laffan Facility

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Petronet LNG, GAIL Shares Plunge Amid Qatar's Ras Laffan Facility Damage

Petronet LNG, GAIL Slip As Middle East Tensions Threaten Gas Supply

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News18•19-03-2026, 15:42

Petronet LNG, GAIL Shares Plunge Amid Qatar's Ras Laffan Facility Damage

•Petronet LNG and GAIL (India) shares dropped sharply after reports of damage at Qatar’s Ras Laffan LNG facility.
•Petronet LNG shares fell 5.85% to Rs 274.55, while GAIL (India) stock slipped 3.15% to Rs 146.2.
•The selloff is due to escalating geopolitical tensions impacting key energy infrastructure in the Middle East.
•Ras Laffan Industrial City, the world’s largest LNG export hub, was reportedly hit by an Iranian missile.
•Damage to Ras Laffan, which accounts for one-fifth of global LNG supply, raises fears of supply disruptions and affects LNG-reliant companies.

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