Brief: GAIL Says Petronet LNG Issues Force Majeure Notice Under Gas Sale And Purchase Agreement
05/03/2026 06:29
March 5 (Reuters) - GAIL (India) Ltd GAIL.NS: PETRONET LNG ISSUES FORCE MAJEURE NOTICE UNDER GAS SALE AND PURCHASE AGREEMENT ON MARCH 3, 2026 ALLOCATION OF LNG QUANTITIES TO GAIL UNDER CONTRACT REDUCED TO ZERO LNG SUPPLIES TO GAIL FROM OTHER SOURCES/SUPPLIERS ARE CURRENTLY UNAFFECTED. POTENTIAL IMPACT OF ONGOING FORCE MAJEURE SITUATION CANNOT BE QUANTIFIED FORCE MAJEURE DUE TO STRAIT OF HORMUZ RESTRICTIONS AND POSSIBLE RAS LAFFAN FACILITY SHUTDOWN QATARENERGY, PLL'S UPSTREAM LNG SUPPLIER ISSUED COMMUNICATION INDICATING POTENTIAL FORCE MAJEURE EVENT Source text: ID:nBSE46sltW Further company coverage: GAIL.NS ((Reuters.Briefs@thomsonreuters.com;;))
Recent news on Petronet LNG
See all newsIndian oil marketing firms, gas companies to gain most from Gulf deal, Nomura says
Global shippers cautious on Hormuz transit despite US-Iran deal (updated)
LNG tanker Disha carrying Qatari cargo crosses Hormuz strait - shiptracking data
India's Petronet seeks LNG cargo for end June-early July delivery, sources say
Petronet expects Qatar to start LNG exports in 3 to 4 weeks of Iran war end