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Petronet LNG Declares Force Majeure Amid West Asia Conflict

3/15/2026

50 6 Full Breakdown

Summary

Story summary

Petronet LNG Limited invoked force majeure after the West Asia conflict.
LNG supplies are reduced by 40%, impacting domestic urea production.
The government plans to procure spot gas and has issued global tenders for urea to mitigate shortages.
Two LPG tankers, Shivalik and Nanda Devi, have crossed the Strait of Hormuz and are expected to reach India by March 17.
Twenty-two India-flagged vessels remain stranded.

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Story summary

Petronet LNG Limited invoked force majeure after the West Asia conflict.
LNG supplies are reduced by 40%, impacting domestic urea production.
The government plans to procure spot gas and has issued global tenders for urea to mitigate shortages.
Two LPG tankers, Shivalik and Nanda Devi, have crossed the Strait of Hormuz and are expected to reach India by March 17.
Twenty-two India-flagged vessels remain stranded.