GAIL (India) Ltd Supplier Petronet LNG Limited Issues Force Majeure Notice Due to Maritime Navigation Restrictions and Potential Liquefaction Facility Shutdown

GAIL (India) Ltd, a prominent name in the natural gas sector, has received a Force Majeure (FM) notice from one of its long-term suppliers, Petronet LNG Limited (PLL). The notice was issued on 3rd March 2026 under the Gas Sale and Purchase Agreement due to constraints faced by certain LNG vessels navigating through the Strait of Hormuz between India and Qatar. Additionally, QatarEnergy, PLL's upstream LNG supplier, has also indicated a potential Force Majeure event due to recent hostilities in the region. As a result, GAIL's LNG allocation from PLL has been reduced to zero since 4th March 2026. The company is currently assessing the situation and its potential impact on downstream customers. LNG supplies from other sources/suppliers remain unaffected at this stage. The full extent of the Force Majeure situation's impact cannot be quantified at the moment, and GAIL is closely monitoring developments and keeping stock exchanges informed of any material updates.