Gujarat Gas says due to the ongoing war in the Middle East affecting gas supply, force majeure notices have been issued to industrial customers, restricting daily contracted quantity effective 6th March 2026
Newsquawk Staff ·
Gujarat Gas says due to the ongoing war in the Middle East affecting gas supply, force majeure notices have been issued to industrial customers, restricting daily contracted quantity effective 6th March 2026.
What it means
The issuance of force majeure notices by Gujarat Gas indicates significant disruptions in gas supply due to the ongoing conflict in the Middle East. This will likely impact industrial operations and energy prices in the region, prompting traders to assess exposure to energy commodities and related sectors, particularly as the situation evolves.
Sources
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- TTF rises to EUR 100/MWh for the first time since December 2022
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield
- Iranian President is to visit Russia today to attend the gas exporting countries' summit, Tasnim reports
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