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Qatar has halted liquefied natural gas (LNG) production after its facilities came under attack amid the ongoing West Asia conflict, disrupting supplies to India and squeezing feedstock availability for key domestic sectors. India, which depends on long-term LNG contracts with Qatar for a significant share of its gas needs, has seen a temporary suspension of cargoes, leading to supply cuts up to 40 per cent for a range of industrial consumers and city gas distribution (CGD) companies. While some industrial users can switch to alternative - though costlier - fuels, the CNG-retailing city gas sector has warned of severe stress. CGD operators said replacing contracted Qatari volumes with spot LNG priced at more than double the contracted rate could erode CNG's price advantage and result in a permanent shift of customers to electric vehicles. Petronet LNG Ltd, India's largest LNG importer, hasn't been able to send ships to Qatar to ferry LNG as the Strait of Hormuz - a narrow shipping ..
Qatar, India's largest supplier of imported natural gas, has declared force majeure on deliveries following a halt in production in the wake of an Iranian drone strike -- a disruption that has led to a cut in supplies to Indian industry by up to 40 per cent, sources said. Qatar supplies about 40 per cent of the nearly 27 million tonnes of liquefied natural gas (LNG) that India imports annually to meet demand across sectors ranging from power generation and fertiliser production to CNG distribution and piped cooking gas networks. Gas importer Petronet LNG Ltd has informed gas marketers of Qatar halting its liquefied natural gas production after Iran continued to strike Gulf countries in retaliation for Israeli and US strikes against it, they said. The attacks have also effectively brought oil and LNG shipments through the Strait of Hormuz to a near halt, driving up global energy prices as well as sharply raising war-risk insurance and shipping costs. Iran controls the Strait -- a vi
QatarEnergy said on Monday it would stop its production of liquified natural gas as the Mideast war rages, taking one of the world's top suppliers off the market. The state-owned firm blamed the war for the decision. It offered no timeline for restoring its production. Oil prices have already risen over the war.
The Cochin Shipyard Limited (CSL) has signed a major contract with French shipping major CMA CGM for the construction of LNG dual-fuel vessels, in a move expected to boost India's global shipbuilding footprint and align with the green maritime transition, officials said on Thursday. In a statement, CSL said it signed a landmark Shipbuilding Contract (SBC) with CMA CGM at New Delhi on Wednesday for the construction of six 1,700 TEU LNG dual-fuel feeder container vessels. The contract was signed by CSL Chairman and Managing Director Jose V J and Rodolphe Saade, Chairman and CEO of CMA CGM. The ceremony was attended by Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, and Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, along with senior officials from the Ministry, representatives of both organisations, and members of the maritime industry, the statement said. "The collaboration reflects strong global confidence in CSL's technical excellence, ...