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Qatar's Decision Raises India's Concern: Food, Travel Expenses Set to Increase
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Qatar's Gas Cut: India Faces Soaring CNG, PNG Prices Amid Mideast Tensions
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News18
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04-03-2026, 15:04
Qatar's Gas Cut: India Faces Soaring CNG, PNG Prices Amid Mideast Tensions
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Qatar, India's largest natural gas supplier, declared 'Force Majeure' on supplies after an Iranian drone attack halted its largest LNG project.
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This decision, linked to the Israel-Iran conflict, will lead to a 10-40% gas supply cut for Indian industries, impacting CNG/PNG prices.
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India relies on Qatar for 40% of its LNG imports, used for power generation, fertilizer factories, CNG, and PNG.
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The Strait of Hormuz, vital for India's oil and gas, is now a dangerous route due to regional tensions, increasing shipping costs and insurance.
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India's Petronet LNG Limited informed GAIL and Indian Oil (IOC) of the shortage; spot market purchases are an expensive alternative.
Read Full Article on News18 in Marathi
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