Mumbai: Gujarat Gas has invoked force majeure clause on its gas supply agreements with industrial users, restricting the daily contracted quantity effective from March 6.
Availability of R-LNG (regasified liquefied natural gas) has become severely constrained due to the impact of the war in the Middle East region on the gas supply scenario, the company said in an exchange filing Wednesday. Acts of war are not covered under the insurance it has taken, Gujarat Gas said.
"The likely impact of force majeure, which is currently an ongoing event, cannot be estimated at this point of time. The company is closely monitoring the developments and will keep the stock exchanges informed of any material updates in this regard," it said.
Availability of R-LNG (regasified liquefied natural gas) has become severely constrained due to the impact of the war in the Middle East region on the gas supply scenario, the company said in an exchange filing Wednesday. Acts of war are not covered under the insurance it has taken, Gujarat Gas said.
"The likely impact of force majeure, which is currently an ongoing event, cannot be estimated at this point of time. The company is closely monitoring the developments and will keep the stock exchanges informed of any material updates in this regard," it said.
