Petronet LNG Share Price in Focus; Receives Force Majeure Notice from QatarEnergy

Petronet LNG Limited has issued a force majeure notice after security concerns linked to the ongoing conflict in the Middle East disrupted the movement of liquefied natural gas (LNG) shipments.  

The development comes as vessels are currently unable to safely pass through the Strait of Hormuz to reach Ras Laffan, the key loading port operated by QatarEnergy. 

LNG Shipments Affected by Regional Hostilities 

The company said the prevailing geopolitical situation involving Iran and Israel has created risks for maritime navigation in the region, forcing shipping disruptions. 

As a result, Petronet LNG invoked force majeure on three LNG tankers: Disha, Raahi and Aseem which were scheduled for cargo movement under its supply arrangements. 

QatarEnergy, the supplier under the contract, has also issued a notice highlighting a potential force majeure situation due to the continuing hostilities in the region. 

Off-takers Notified Under Supply Agreements 

Following the disruption, Petronet LNG has informed its domestic off takers about the development under the applicable gas sale and purchase agreements. 

The notices were issued to GAIL (India) Limited, Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) on March 3, 2026. 

The company said that acts of war are excluded under its business interruption insurance coverage. Given the evolving nature of the situation, the financial impact of the force majeure event cannot currently be determined. 

Read More: Adani Total Gas Shares in Focus as Company Hikes Industrial Gas Prices Amid Middle East-Driven LNG Shortages! 

Petronet LNG Share Price Performance  

As of March 05, 2026, at 3:30 PM, Petronet LNG share price closed at ₹295 per share, reflecting a surge of 5.36% from the previous closing price.  

Conclusion 

Petronet LNG said it is closely monitoring developments in the Middle East and will update stock exchanges on any material changes. The situation highlights the vulnerability of global energy supply chains to geopolitical disruptions, particularly in strategic shipping routes such as the Strait of Hormuz. 

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