Last Updated:
Adani Total Gas says there is less gas available because of conflict in the Middle East.
Adani Total Gas is a joint venture between Adani Group and French oil giant TotalEnergies SE.
Adani Total Gas (ATGL) has significantly raised prices for industrial customers, saying there is less gas available because of conflict in the Middle East, according to a notice seen by Reuters. The company is a joint venture between Adani Group and French oil giant TotalEnergies SE.
After attacks on Iran and Tehran’s response, shipping through the Strait of Hormuz between Iran and Oman, which carries about one-fifth of the world’s oil and a lot of liquefied natural gas, has almost stopped after some ships were hit. “Due to recent geopolitical events affecting LNG supply routes, ATGL has received less gas from suppliers, causing operational problems,” the company said.
It raised prices from Tuesday for gas used above 40% of the daily contract amount to 119 Indian rupees ($1.30) per standard cubic meter, the notice said. Earlier, prices were about 40 rupees per standard cubic meter, according to a source. Adani Total Gas did not immediately respond to Reuters for comment.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
Click here to add News18 as your preferred news source on Google.
Follow News18 on Google. Join the fun, play games on News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
March 05, 2026, 15:24 IST
Read More