GAIL Share Price in Focus; Receives Force Majeure Notice from Petronet LNG Due to Maritime Restrictions

GAIL (India) Ltd has received a force majeure notice from Petronet LNG Ltd (PLL), one of its long-term liquefied natural gas (LNG) suppliers.  

The notice was issued on 3 March 2026 under the Gas Sale and Purchase Agreement between the 2 companies. The disclosure was made by GAIL via an exchange filing dated March 5, 2026.  

The notice relates to supply disruptions affecting LNG cargoes linked to the contract. 

LNG Allocation Reduced to Zero 

Following the notice, the allocation of LNG volumes to GAIL under the contract has been reduced to zero with effect from 4 March 2026. Petronet LNG cited supply restrictions connected with the current situation affecting shipments.  

The reduction applies specifically to LNG supplies under the existing agreement between the 2 companies. The development may affect the scheduled delivery of cargoes under the long-term arrangement. 

Maritime Restrictions in the Strait of Hormuz 

The force majeure declaration is linked to constraints faced by certain LNG vessels during transit between India and Qatar.  

According to the company’s disclosure, maritime navigation restrictions in the Strait of Hormuz have affected vessel movement on this route.  

In addition, there are reports of a possible shutdown at the Ras Laffan liquefaction facility in Qatar, which is one of the main LNG export terminals in the region. 

Upstream Supplier Signals Possible Force Majeure 

QatarEnergy, which supplies LNG to Petronet LNG, has also communicated the possibility of a force majeure event. The communication refers to recent hostilities in the region that could affect operations or shipments.  

These developments led Petronet LNG to inform its downstream buyers, including GAIL, about the disruption. 

Supply Situation Under Review 

GAIL said it is assessing the situation to determine whether any supply curtailment may be required for its downstream customers. The company distributes natural gas to sectors such as fertilisers, power generation, city gas networks and industrial users. 

However, LNG supplies received by GAIL from other suppliers are currently unaffected. 

Read More: India Curbs Gas Supply to Industries After Qatar Halts LNG Production Amid Gulf Tensions! 

GAIL (India) Share Price Performance  

As of March 5, 2026, 12:42 pm, GAIL (India) Ltd share price was trading at ₹156.20, a 1.03% increase from the previous closing price. 

Conclusion 

The company said the potential impact of the force majeure event cannot be assessed at this stage. GAIL added that it is monitoring the situation and will inform stock exchanges if there are any material developments. 

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