Shares of Gujarat Gas and MRPL are likely to remain in focus today, March 5 after both companies flagged disruptions linked to the escalating conflict in the Middle East, which has begun to affect energy supply flows from the Persian Gulf region.
Gujarat Gas informed that it has issued force majeure notices to its industrial customers as the availability of re-gasified LNG (R-LNG) has become severely constrained amid the ongoing conflict. The company indicated that the disruption in supply is linked to developments in the Middle East, which have impacted LNG shipments and availability.
Separately, MRPL has informed customers that it will suspend exports of certain oil products as the widening conflict disrupts crude shipments originating from the Persian Gulf. The refinery’s decision comes as shipping routes and crude supplies from the region face uncertainty due to rising geopolitical tensions.
The developments come at a time when energy supply risks are rising across the region. Brokerage Citi earlier cautioned that India’s gas value chain could face near-term risks following disruptions to LNG supplies from Qatar, which has historically accounted for roughly 40–50 per cent of India’s LNG imports. The brokerage noted that replacing these volumes may be difficult in the near term, particularly amid elevated global gas prices.
Citi also flagged that Petronet LNG could face elevated volume risks, given that LNG supplies from Qatar account for a significant portion of its volumes. The company had earlier issued a force majeure notice related to LNG shipments due to the escalating geopolitical situation affecting shipping routes.
Among city gas distribution companies, Citi highlighted that Gujarat Gas could face higher exposure due to its dependence on imported LNG and spot purchases. Lower gas availability could therefore affect supply to industrial customers in the near term.
The broader disruptions follow rising tensions in the Middle East that have begun to affect global energy flows and shipping routes, raising concerns over supply security and price volatility in the oil and gas markets.