August 14, 2026: India's top gas importer Petronet LNG (PLNG.NS), opens new tab does not yet have a definite liquefied natural gas supply plan from its leading supplier Qatar, its CEO said on Thursday, as the Middle Eastern producer reviews force majeure on a month-to-month basis.
Qatar declared force majeure on LNG exports in March, when Iran struck two of Qatar's 14 production trains. The U.S.-Iran conflict has also disrupted fuel shipments through the Strait of Hormuz, which carries around one-fifth of global oil consumption as well as large quantities of LNG.
They have not given any definite plan for supply of LNG for September," A K Singh told the media after Petronet's June quarter earnings. "Everything is linked to the Strait of Hormuz and their start-up plans."
To make up for the shortfall of supplies from Qatar, Indian companies are importing LNG from Oman, the U.S., Nigeria and Angola, among others, Singh said.
PETRONET SAYS FORCE MAJEURE HAS AFFECTED 56 CARGOES SO FAR
Qatar declared force majeure on supplies for August, he said, adding that the measure had so far affected 56 of the company's Qatari LNG cargoes.
(Source: Reuters)
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