Energy Shock: Qatar stopped LNG production, shares of Petronet and GAIL fell by 12%, know the condition of 6 companies and what will be the impact on your pocket.

News India Live, Digital Desk: Amidst the ongoing Iran-Israel war in the Middle East, Qatar’s government company ‘QatarEnergy’ has stopped production after drone attacks on its main plants. India imports about 40% to 45% of its LNG requirement from Qatar. As soon as the market opened this morning after the news of supply stoppage, there was a storm of selling in the gas sector shares. 1. There was the biggest stampede in the shares of these 6 companies (Top Losers) The list of the 6 main companies whose shares have fallen by 5% to 12% in the market today is given below: Company Name Share decline (approximately) Main reasons Petronet LNG 9% – 12% It has the highest long-term supply agreement with Qatar. GAIL (India) 5% – 7% Its trading volume due to reduction in gas supply Gujarat Gas6% – 8%Fear of 10-30% cut in industrial supply.GSPL5% – 6%Concern about decline in gas transmission volume.Indraprastha Gas (IGL)4% – 5%Margin pressure due to increase in input costs.Adani Total Gas4%Disruption in supply chain and rise in global gas prices.Export to Sheets2. What is ‘Force Majeure’ and why is it affecting us? (Force Majeure Impact)Qatar has declared ‘force majeure’, meaning it is free from its legal obligation to supply gas as per its contracts due to war-like circumstances. Spot market on fire: Due to long-term supply disruptions, Indian companies are now forced to buy gas from the ‘spot market’, where prices have reached $25 per mmBtu—almost double the normal rate. Strait of Hormuz (Strait of Hormuz): Insurance and shipping costs have also increased 3 times due to Iran’s threat to close this route.3. Crisis on Industries: 10% to 40% cuts (Industrial Cuts) Petronet and GAIL have already warned their industrial customers: Supply Cut: 10% to 40% cut in gas supplied to fertilizer, steel and power generation units has been started. Priority: Currently, the remaining gas is reserved only for CNG (for vehicles) and PNG (for domestic kitchens). Being kept.4. Experts’ opinion: Will this decline increase further? (Expert View) Trade experts believe that if Qatar’s production remains closed for more than a week, inflation rate in India may increase. Although India has a reserve of 2-3 weeks, there will be an atmosphere of fear in the market due to uncertainty.