According to Reuters, Petronet LNG – India’s top gas importer – has issued force majeure notice to Qatargas, as it seeks to delay the loading of LNG cargoes under long-term deals.
Two sources familiar with the matter said that this decision comes as local gas demand has dropped.
In the midst of a lockdown in India, one of the sources said: “It seems demand will fall drastically as industrial production is curtailed to a great extent and demand for gas will fall further.”