Petronet LNG Limited has reported disruptions in its operations due to security concerns arising from the ongoing conflict in the Middle East. The company has issued a Force Majeure notice to its LNG supplier and its off-takers.
Petronet LNG Limited’s shares tumbled 9.06 per cent to ₹280.70 on the NSE on Wednesday after the company disclosed it had invoked force majeure clauses with its LNG supplier QatarEnergy, citing the ongoing Iran-Israel conflict as a barrier to safe maritime passage through the Strait of Hormuz.
The company filed an intimation with BSE and NSE on Tuesday, stating that its LNG tankers — Disha, Raahi, and Aseem — are unable to reach Ras Laffan, QatarEnergy’s loading port in Qatar, due to the security situation in the region.
In a cascading chain of notices, QatarEnergy also issued a potential force majeure notice to Petronet on account of the hostilities.
Petronet subsequently passed on corresponding force majeure notices to its downstream off-takers: GAIL (India) Limited, Indian Oil Corporation Limited (IOCL), and Bharat Petroleum Corporation Limited (BPCL), under their respective Gas Sale and Purchase Agreements — all dated 3rd March 2026.
Petronet noted that acts of war are excluded from its Business Interruption Insurance cover, meaning the company cannot claim insurance relief for any supply disruptions arising from the conflict. The financial impact of the force majeure remains unquantifiable at this stage, as the event is ongoing.
The stock opened at ₹298.00, hit a low of ₹271.75 intraday, and was trading at ₹280.70 against a previous close of ₹308.65 — reflecting sharp investor concern over supply disruption risks to India’s largest LNG import terminal operator.
Petronet said it is closely monitoring developments and will notify stock exchanges of any material updates.
Published on March 4, 2026