In recent weeks, a series of attacks attributed to Iran have severely impacted Qatar’s LNG supply capabilities, a critical source for countries like India. Qatar is responsible for approximately 40% of India’s LNG imports, making the situation particularly alarming for the Indian government and its energy security. The attacks have caused significant damage to Qatar’s Ras Laffan LNG hub, sidelining 17% of its LNG capacity for an estimated 3 to 5 years, according to QatarEnergy CEO Saad al-Kaabi.

As the situation escalated, the Strait of Hormuz, a vital maritime route for oil and gas shipments, became nearly impassable due to the ongoing Iranian assaults. This disruption not only affects LNG but also poses a risk to 90% of India’s LPG imports, which transit through this critical waterway. The ramifications of these attacks extend beyond immediate supply issues, as they threaten to destabilize energy prices globally.

Following the news of the LNG outage, European gas prices surged by 35%, reflecting the heightened anxiety in the energy markets. Brent crude prices also saw a brief spike of more than 10%, surpassing $119 per barrel. Such fluctuations underscore the interconnectedness of global energy markets and the potential for regional conflicts to have far-reaching consequences.

In response to these challenges, India is actively seeking alternative sources for LNG and LPG to mitigate the impact of the supply disruptions. Officials have indicated that they are attempting to procure cargoes from other suppliers, as noted by Sujata Sharma, who emphasized the urgency of diversifying sources. However, the ongoing instability in the region complicates these efforts.

India’s vulnerability is further highlighted by its heavy reliance on imports for its energy needs, with 85% to 90% of its oil sourced from abroad. The top five import sources for crude petroleum include Russia, Iraq, Saudi Arabia, the UAE, and the USA, which collectively account for around 83% of India’s crude imports in fiscal 2025. This dependency makes the country particularly susceptible to disruptions in the Middle East.

As the situation develops, officials like Randhir Jaiswal have called for restraint, urging that civilian infrastructure, including energy facilities, should not be targeted in conflicts. The ongoing turmoil raises questions about the future stability of energy supplies and prices, with analysts warning that if the disruption through Hormuz persists, Indian buyers may have to resort to procuring higher-priced spot cargoes or even reducing consumption, as noted by Sumit Ritolia.

Currently, India is witnessing a 36% increase in domestic LPG production from refineries, a move aimed at bolstering its energy security amidst these challenges. However, the long-term outlook remains uncertain as the repairs to Ras Laffan are projected to take several years, leaving a multi-year supply loss in the LNG market. The unfolding events serve as a stark reminder of the fragility of global energy supply chains and the need for countries to adapt to an increasingly volatile geopolitical landscape.

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The ongoing crisis in the Middle East has raised significant concerns regarding gas prices in India. This situation has led to a noticeable increase in the cost of liquefied petroleum gas (LPG), which is essential for domestic cooking.

As of March 11, 2026, the price of a 14.2 kg non-subsidised LPG cylinder in Delhi stands at ₹913.00, following a hike of ₹60 that took effect on March 7. India imports around 60 percent of its total LPG demand, primarily from the Middle East, making it particularly vulnerable to international supply disruptions.

Impact on the energy market

The crisis has not only affected LPG prices but also the broader energy market in India. Stocks related to gas supply, such as Adani Total Gas and Gujarat Gas, have seen sharp increases, with Adani Total Gas shares jumping by 13.08 percent. This surge is attributed to a price hike for industrial clients and disruptions in liquefied natural gas (LNG) supply routes.

Disruptions in shipments through the Strait of Hormuz, a key global energy transit corridor, have tightened supplies as tanker movement faces heightened security risks. The conflict in the Middle East has started to affect India’s energy market, particularly natural gas and LPG supplies.

Global implications

The situation is further complicated by international developments. Qatar has halted LNG production due to the ongoing conflict in West Asia, contributing to a global surge in natural gas prices. European natural gas prices surged nearly 40% last week following this news, indicating a ripple effect that could influence gas prices in India.

Domestic cooking gas prices have increased significantly, with commercial LPG prices rising by ₹114.5. The rise in prices reflects the broader trend of increasing energy costs driven by geopolitical tensions.

As India continues to rely heavily on imports to meet its cooking gas needs, the impact of these international developments remains a critical concern for consumers and businesses alike. The future of gas prices in India will depend on the resolution of the ongoing crisis in the Middle East and its implications for global energy supplies.

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“Yes, yes, definitely,” remarked Alma Newell, reflecting the growing concerns surrounding the natural gas price as geopolitical tensions escalate. The cost of natural gas in the spot market has risen dramatically, reaching $25.40 per million British thermal units (mbtu), a significant increase attributed to the ongoing tensions between the US, Israel, and Iran.

The backdrop to this price surge includes the disruptions caused by the war, notably the shuttering of the Strait of Hormuz, a critical node in global transit and shipping. This strategic waterway is vital for energy supplies, and more than 50% of India’s imported liquefied natural gas (LNG) passes through it. As a result, the implications of these tensions are felt not only in the international markets but also within local economies, particularly in countries heavily reliant on LNG imports.

In January, India’s total consumption of natural gas was recorded at 5,252 million metric standard cubic metres (MMSCM), with approximately 54% of this demand met through LNG imports. The rising prices have prompted Indian oil marketing companies to raise liquefied petroleum gas (LPG) prices by an average of Rs 60 per cylinder, further straining consumers already facing higher energy costs.

Gregory Brew, an energy analyst, noted, “I think the current price increase in oil suggests the US will see $3.50 to $4 gasoline by next week, and $5 diesel this week.” This prediction underscores the interconnectedness of oil and gas prices, as fluctuations in one often lead to changes in the other. The increase in crude oil prices, which rose from about $67 per barrel before the war to nearly $97 recently, has compounded the challenges faced by consumers and businesses alike.

GAIL (India) Ltd has reported that its long-term supplier, Petronet LNG Limited (PLL), has issued a force majeure notice, indicating potential disruptions in supply. In response, GAIL is currently assessing the situation with respect to any supply curtailment that may need to be imposed on its downstream customers. This proactive approach highlights the seriousness of the current energy landscape and the need for companies to adapt swiftly to changing conditions.

As the situation evolves, the Indian government has mandated that all oil refining companies operating in the country maximize the utilization of propane and butane streams for LPG production. This directive aims to mitigate the impact of rising natural gas prices on consumers and ensure a steady supply of essential energy resources.

Details remain unconfirmed regarding the long-term implications of these price fluctuations and supply chain disruptions. However, the current trajectory suggests that consumers may continue to face elevated energy costs in the near future, prompting discussions on energy policy and market stability.

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Indian families face an acute cooking gas shortage due to the West Asia conflict disrupting supply chains. India, the world’s second-largest buyer of LPG, sources over 90% of its supplies from the Middle East, making it particularly vulnerable to geopolitical tensions.

In the fiscal year 2024-25, India consumed 31.3 million tonnes of LPG but produced only 12.8 million tonnes domestically. This heavy reliance on imports has raised alarms, especially as the Ministry of Petroleum and Natural Gas has ordered all refineries to maximize LPG production for household cooking.

The crisis has intensified recently, particularly after QatarEnergy declared a production stoppage for LNG and associated products, impacting one of India’s top-three suppliers of natural gas. As a result, GAIL reported that its long-term supplier, Petronet LNG Limited, issued a force majeure notice, reducing LNG allocations to zero.

Approximately 54% of India’s total natural gas consumption is met through liquefied natural gas (LNG) imports, which are now under threat. The price of a 14.2kg domestic LPG cylinder has increased by Rs 60, reaching Rs 913 in Delhi, further straining household budgets.

Public sector oil marketing companies (OMCs) have locked in 2.2 million tonnes of US Gulf Coast imports for 2026, which accounts for 10% of annual needs, as a precautionary measure. However, the ongoing conflict raises questions about the long-term viability of these arrangements.

According to the Ministry of Petroleum and Natural Gas, there are currently 33 crore active LPG connections at risk, emphasizing that domestic cooking needs take precedence over commercial establishments like hotels.

GAIL is assessing the situation regarding any potential supply curtailment that may need to be imposed on its downstream customers. The exact impact of the ongoing West Asia conflict on future gas supplies remains unclear, leaving many households in uncertainty.

India’s heavy reliance on imports that come through the Strait of Hormuz has made total price protection challenging, and observers are closely monitoring the situation as it develops.

Details remain unconfirmed regarding the long-term viability of production at current spot prices, adding to the urgency of the situation for Indian consumers.

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