Petronet LNG shares tumble 12% after Qatar production halt reports

2026-03-04 - 08:23

Petronet LNG shares plummeted nearly 12% after reports of Qatar declaring force majeure on natural gas supplies due to an Iranian drone strike. This production halt has led to significant supply cuts for Indian industries, impacting sectors reliant on gas imports. The disruption also affected other gas distributors and is driving up global energy prices.