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Gujarat Gas restricts industrial supply, invokes force majeure
Gujarat Gas has invoked force majeure on its gas supply agreements. This action restricts daily contracted quantities for industrial users. The company cites severe constraints in regasified liquefied natural gas availability. The ongoing war in the Middle East region is impacting the gas supply scenario. Gujarat Gas is closely monitoring developments.
Gujarat Gas issues force majeure notices as Middle East war disrupts R-LNG supply
Shares of Gujarat Gas Ltd ended at ₹418.60, up by ₹20.15, or 5.06%, on the BSE.
Gujarat Gas shares plunge 4% after 50% supply cut to industrial users amid Middle East conflict: Report
Gujarat Gas has slashed industrial gas supplies by 50% due to disruptions linked to the US-Iran conflict impacting regasified LNG availability. The company declared a Force Majeure event, citing circumstances beyond its control, as Qatar Energy's LNG production halted. This development significantly affects Gujarat Gas, which relies heavily on imports, particularly from Qatar.
Gujarat Gas cuts 50% gas supply to industrial sector due to US-Iran war; Stock in focus
According to brokerage firm Citi, Qatar halting LNG production raises the near-term risk for India's gas value chain. Gujarat Gas, according to Citi is the most exposed due to its dependance on Qatar and Spot LNG, Citi wrote.
These oil and gas stocks could be impacted due to the US-Iran war, as per Citi
Sources have also told CNBC-TV18 that Gujarat Gas has cut 50% of its gas supply to the industrial sector. The company has around 70% gas imports in its raw material basket, mostly from Qatar.
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Gujarat Energy shares decline 1.6%; Nomura says selloff is an opportunity. Here's why
Nomura said the ceasefire has improved LPG supplies as shipping traffic gradually returns to normal, resulting in better propane availability and lower prices
Hold Gujarat Gas; target of Rs 380: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on Gujarat Gas with a target price of Rs 380 in its research report dated May 02, 2026.