GAIL Says Petronet LNG Issues Force Majeure Notice Under Gas Sale And Purchase Agreement

March 5 (Reuters) - GAIL (India) Ltd GAIL.NS:

• PETRONET LNG ISSUES FORCE MAJEURE NOTICE UNDER GAS SALE AND PURCHASE AGREEMENT ON MARCH 3, 2026

• ALLOCATION OF LNG QUANTITIES TO GAIL UNDER CONTRACT REDUCED TO ZERO

• LNG SUPPLIES TO GAIL FROM OTHER SOURCES/SUPPLIERS ARE CURRENTLY UNAFFECTED.

• POTENTIAL IMPACT OF ONGOING FORCE MAJEURE SITUATION CANNOT BE QUANTIFIED

• FORCE MAJEURE DUE TO STRAIT OF HORMUZ RESTRICTIONS AND POSSIBLE RAS LAFFAN FACILITY SHUTDOWN

• QATARENERGY, PLL'S UPSTREAM LNG SUPPLIER ISSUED COMMUNICATION INDICATING POTENTIAL FORCE MAJEURE EVENT