{"id":13728,"date":"2026-03-03T11:19:06","date_gmt":"2026-03-03T11:19:06","guid":{"rendered":"https:\/\/inernews.online\/?p=13728"},"modified":"2026-03-03T11:19:06","modified_gmt":"2026-03-03T11:19:06","slug":"india-europe-feel-fuel-crunch-as-gulf-gas-supplies-disrupted-amid-war-oil-and-gas-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=13728","title":{"rendered":"India, Europe feel fuel crunch as Gulf gas supplies disrupted amid war | Oil and Gas News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>Qatar has halted its liquefied natural gas production, as India and Europe bear the brunt of soaring prices.<\/em><\/p>\n<\/div>\n<div><button class=\"article-listen-container\" aria-labelledby=\"listen-text listen-duration\" data-testid=\"listen-to-article-button\"><\/p>\n<p><span class=\"article-listen-container__text\" data-testid=\"listen-to-article-text\">Listen to this article<\/span><span aria-hidden=\"true\">\u00a0|\u00a0<\/span><span class=\"article-listen-container__duration\">3 mins<\/span><\/p>\n<p><\/button><button tabindex=\"0\" class=\"tooltip-accessible_trigger\"><svg class=\"icon icon--info icon--main-grey-dark icon--16 listen-to-article-tooltip__icon\" viewbox=\"0 0 24 24\" version=\"1.1\" aria-hidden=\"true\" role=\"presentation\"><title>info<\/title><path class=\"icon-main-color\" d=\"M12 0a12 12 0 1 0 0 24 12 12 0 0 0 0-24Zm-.226 3.225a2.039 2.039 0 0 1 2.155 1.924v.193a1.998 1.998 0 0 1-2.155 2.149 2.029 2.029 0 0 1-2.146-2.15 2.039 2.039 0 0 1 1.955-2.122h.193l-.002.006Zm3.227 15.525a.75.75 0 0 1-.752.75H9.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.75h.748V12h-.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.751h3a.75.75 0 0 1 .75.752v6.75h.75a.75.75 0 0 1 .75.749L15 18.75Z\"\/><\/svg><\/button><\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 3 Mar 2026<\/span><span aria-hidden=\"true\">3 Mar 2026<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" 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0h16v16H.5z\"\/><\/clippath><\/defs><\/svg><span class=\"google-preferred-source__text\">Add Al Jazeera on Google<\/span><\/button><button tabindex=\"0\" aria-label=\"See more of Al Jazeera\u2019s trusted journalism by adding us as a preferred source on Google.\" class=\"tooltip-accessible_trigger\"><svg class=\"icon icon--info icon--primary icon--16 google-preferred-source__info-icon\" viewbox=\"0 0 24 24\" version=\"1.1\" aria-hidden=\"true\"><title>info<\/title><path class=\"icon-main-color\" d=\"M12 0a12 12 0 1 0 0 24 12 12 0 0 0 0-24Zm-.226 3.225a2.039 2.039 0 0 1 2.155 1.924v.193a1.998 1.998 0 0 1-2.155 2.149 2.029 2.029 0 0 1-2.146-2.15 2.039 2.039 0 0 1 1.955-2.122h.193l-.002.006Zm3.227 15.525a.75.75 0 0 1-.752.75H9.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.75h.748V12h-.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.751h3a.75.75 0 0 1 .75.752v6.75h.75a.75.75 0 0 1 .75.749L15 18.75Z\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>Indian companies have reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after \u2060top global producer Qatar halted liquefied natural gas (LNG) production, as European gas prices have jumped further by more than 30 percent since the launch of the US-Israeli war on Iran.<\/p>\n<p>Industry sources with knowledge of the matter told the Reuters news agency on Tuesday that top gas importer Petronet LNG Ltd had informed GAIL (India), the state-owned top gas marketing company, and other companies about lower supplies.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>Cuts ranged from 10 percent to 30 percent, two \u2060sources told the agency. GAIL \u2060and Indian Oil Corp (IOC) informed customers of the gas supply cuts late on Monday, according to one of the sources.<\/p>\n<p>India is the world\u2019s fourth-largest buyer of LNG and relies heavily on the Middle East for its imports. The South Asian nation is the top LNG client for Abu Dhabi National Oil Company \u2060and the second-largest buyer of Qatari LNG.<\/p>\n<p>The sources said the cuts have been set at minimum lifting quantities that would shield the suppliers from \u2060any penalties from the customers based on \u2060contractual terms.<\/p>\n<p>They added that, to make up for the LNG shortfall, companies, including IOC, GAIL and Petronet LNG, were planning to issue spot tenders, \u200calthough spot prices, freight and insurance costs have surged.<\/p>\n<p>QatarEnergy on Monday suspended LNG production following a drone attack, straining the global market. The measure followed Iranian drone attacks on a water tank at a power plant in Mesaieed Industrial City and an energy facility in Ras Laffan belonging to QatarEnergy, the world\u2019s largest LNG producer.<\/p>\n<p>Qatar\u2019s state-owned energy company was forced to declare what is known as force majeure, when a company is freed from contractual obligations in the event of extraordinary circumstances.<\/p>\n<p>The United States and Israel\u2019s war with Iran also spilled over into the Strait of Hormuz, one of the world\u2019s most critical energy chokepoints, prompting a surge in oil and gas prices.<\/p>\n<p>Qatar\u2019s LNG exports represent 20 percent of the global market. With fewer products reaching the market, LNG supply is down, causing prices to surge.<\/p>\n<p>Meanwhile, European stock markets slid further at the start of trading on Tuesday, and the region\u2019s natural gas prices soared again.<\/p>\n<p>The Dutch TTF natural gas contract, considered the European benchmark, shot up more than 33 percent, having rocketed almost 40 percent on Monday.<\/p>\n<p>The intensity of the attacks across the Middle East and the lack of any apparent exit ramp, with diplomatic overtures currently nonexistent in the public eye, set the stage for a prolonged conflict with far-reaching consequences, including for global energy markets.<\/p>\n<p>US President Donald Trump said Washington has \u201cthe capability to go far longer\u201d than its projected four-to-five-week timeframe for its military operations against Iran.<\/p>\n<p>Tehran and its allies have hit back against Israel, neighbouring Gulf states that host US assets, and targets critical to the world\u2019s production of oil and natural gas.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qatar has halted its liquefied natural gas production, as India and Europe bear the brunt of soaring prices. Listen to this article\u00a0|\u00a03 mins info Published On 3 Mar 20263 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo Indian companies have reduced natural gas supplies to industries in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/13728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13728"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/13728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/13729"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}