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Adani Total Gas raised industrial gas prices to $1.30 per cubic meter due to Middle East tensions disrupting LNG shipments.
Adani Total Gas has raised industrial gas prices to 119 Indian rupees ($1.30) per standard cubic meter for usage exceeding 40% of a customer’s daily contract volume, up from about 40 rupees, citing reduced supply due to geopolitical tensions in the Middle East.
The increase, effective Tuesday, follows disruptions in liquefied natural gas (LNG) shipping routes through the Strait of Hormuz, a key global energy chokepoint, caused by attacks on Iran and retaliatory strikes.
The company reported upstream curtailments and operational challenges, attributing the price hike to tightened supply conditions.
The move affects industrial customers in India and reflects broader energy market vulnerabilities linked to regional instability.
Adani Total Gas elevó los precios del gas industrial a $ 1.30 por metro cúbico debido a las tensiones en Medio Oriente que interrumpieron los envíos de GNL.