economy
March 4, 2026
India Slashes Gas Supply to Industries
The reported move by India comes after Qatar halted LNG production
TL;DR
- India is cutting natural gas supplies to industries due to anticipated supply constraints.
- Qatar, a major LNG producer, has halted production following drone attacks on its facilities.
- LNG tankers have stopped transiting the Strait of Hormuz due to threats amid the conflict between Iran, the US, and Israel.
- Most energy sites across the Gulf have been affected or temporarily shut down.
- India relies on imports for 85% of its oil and nearly half of its natural gas, with significant portions routed through the Strait of Hormuz.
- European benchmark gas futures surged significantly following the disruption of transit through the strait.
Continue reading the original article