Petronet LNG Ltd has issued a force majeure notice to QatarEnergy after vessels were unable to safely transit through the Strait of Hormuz due to the ongoing war in the Middle East involving Iran and Israel.
The company said LNG tankers Disha, Raahi and Aseem could not reach Ras Laffan, the loading port of QatarEnergy, amid the prevailing security situation and risks to maritime navigation.
QatarEnergy, the seller, also issued a notice indicating a potential force majeure event due to the hostilities in the region.
Petronet LNG issued corresponding force majeure notices to its off-takers GAIL (India) Limited, Indian Oil Corporation Limited and Bharat Petroleum Corporation Limited under the relevant Gas Sale and Purchase Agreements on March 3, 2026.
The company said in a regulatory filing, acts of war are excluded under the business interruption insurance covers it has taken. The likely impact of the force majeure event cannot be estimated at this stage and the company is monitoring developments.
