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Gujarat Gas cuts 50% gas supply to industrial sector due to US-Iran war; Stock in focusAccording to brokerage firm Citi, Qatar halting LNG production raises the near-term risk for India's gas value chain. Gujarat Gas, according to Citi is the most exposed due to its dependance on Qatar and Spot LNG, Citi wrote.By Sonal Bhutra  March 4, 2026, 8:14:35 AM IST (Updated)2 Min ReadGujarat Gas Ltd. will be in focus on Wednesday, March 4, after it has cut its gas supply to the industrial sector by 50% impacted by the ongoing US-Iran war in the Middle East.

In a letter to its customers, accessed by CNBC-TV18, Gujarat Gas has stated that the availability of R-LNG has been severely affected due to the recent international developments.

"This situation is beyond the control of the company and is a Force Majeure event as per the provisions of the Gas Sales Agreement," the letter stated further.

Qatar Energy has stopped production of LNG due to the ongoing conflict after some of its infrastructure was hit during the ongoing war by drones, thereby impacting production and operations.

Gujarat gas has nearly 70% gas imports in its raw material basket, particularly from Qatar.

"In case of consumption exceeding the total quantity, GGL will suspend gas supply immediately without any notice, which you may note," the letter added further.

According to brokerage firm Citi, Qatar halting LNG production raises the near-term risk for India's gas value chain.

As Qatar supplies nearly 40% to 50% of India's LNG, making it difficult to replace it completely due to the high global prices.

Gujarat Gas, according to Citi is the most exposed due to its dependance on Qatar and Spot LNG, Citi wrote.

Shares of Gujarat Gas had ended 3% lower on Monday at ₹398.05.Continue ReadingFirst Published: Mar 4, 2026 8:14 AM ISTTagsGujarat GasGujarat Gas share priceQatarshare market todaySpot LNG prices