Petronet LNG: West Asia rift will have no impact

Reports say that shipping lines in India are rejecting bookings to Doha with immediate effect

The ongoing political turmoil in West Asia is making the Indian hydrocarbon sector nervous as Petronet LNG, the country’s biggest gas importer, gets liquefied natural gas (LNG) worth Rs 18,000 crore per annum from abroad.

But, according to the ministry of petroleum and natural gas and Petronet LNG, the decision by six Arab nations to cut ties with Qatar will have “no impact” on India. On Monday, Saudi Arabia, Egypt, the United Arab Emirates, Yemen, Libya and Bahrain severed ties with Qatar, citing that the country is supporting terrorism.

“Though there are concerns regarding the rift between the most powerful