Petronet LNG Limited`s Force Majeure Notices
3rd March 2026
Under the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Petronet LNG Limited has informed the Stock Exchanges that in light of the recent and ongoing war in the Middle East region involving Iran and Israel, vessels are presently unable to safely transit through the Strait of Hormuz (also referred to as the Gulf of Hormuz) to reach Ras Laffan, the loading port of QatarEnergy
Considering the prevailing security situation and the material risks posed to maritime navigation, the Company has issued a Force Majeure Notice to QatarEnergy in respect of its LNG tankers, namely Disha, Raahi, and Aseem
Further, QatarEnergy, being the Company’s seller, has issued a notice indicating a potential event of Force Majeure due to the hostilities prevailing in the region
Consequently, the Company has issued corresponding Force Majeure notices to its off-takers, namely GAIL (India) Limited, Indian Oil Corporation Limited (IOCL), and Bharat Petroleum Corporation Limited (BPCL), under the relevant Gas Sale and Purchase Agreements on 3rd March 2026
Acts of War is also excluded under Business Interruption Insurance covers taken by Petronet LNG. The likely impact of Force Majeure which is currently an ongoing event cannot be estimated at this point of time. The Company is closely monitoring the developments and will keep the stock exchanges informed of any material updates in this regard
Also Read our section on India's LNG Imports