India cuts natural gas to industries amid Qatar production halt. Following geopolitical tensions in the Gulf, Qatar suspended liquefied natural gas production as Iran escalated strikes on regional allies. This disruption threatens global energy supplies and shipping routes through the Strait of Hormuz. India, the world's fourth-largest LNG buyer, faces supply reductions of 10 to 30 percent from major suppliers including Petronet LNG and GAIL. As the top LNG client for Abu Dhabi and second-largest buyer of Qatari gas, India is particularly vulnerable. Companies are exploring spot market purchases to offset shortfalls, though elevated freight and insurance costs compound the challenge. Energy prices have surged globally in response to the supply disruption.
