Mumbai, Mar 5 (UNI) Adani Total Gas Ltd (ATGL) has issued notices to its industrial and commercial customers that it has raised the price of liquefied natural gas (LNG) from Rs 40 per standard cubic metre to Rs 119 per standard cubic metre, citing reduced supply constraints due to the ongoing war in West Asia.
“Due to recent geopolitical developments impacting LNG supply routes, ATGL has received upstream gas curtailment, leading to operational constraints,” the company stated in a notice on Wednesday issued to its industrial customers whose consumption exceeds contracted usage limits.
The company’s notice stated that gas tanker shipping transit through the Strait of Hormuz between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas (LNG) has ground to a near-halt after some vessels in the area were hit by missiles due to the war.
However, ATGL, which also supplies gas to more than 1.2 million households and operates nearly 1,100 CNG stations nationwide through its city gas distribution network, said that it has not hiked prices to its retail customers yet.
Meanwhile, according to ship tracking data available for March 5, 36 Indian-flagged ships are trapped in the Persian Gulf after Iran blockaded the Strait of Hormuz through which approximately 20 per cent of the world’s crude petroleum oil supply transits.
Of these vessels, six are crude petroleum oil tankers, one is a product oil tanker, 10 vessels are liquefied petroleum gas (LPG) carriers, one is a liquefied natural gas (LNG) carrier, three are container ships and two vessels are bulk carriers.
Out of these, two Indian-flagged vessels are navigating the Gulf of Aden, whereas none are transiting the highly volatile Red Sea, while seven of these ships belong to the government-run Shipping Corporation of India (SCI) headquartered in Mumbai.
According to ship tracking data, 12 of these ships are positioned east of the Strait of Hormuz and in the Gulf of Oman, while 24 ships are stalled west of the Strait of Hormuz. UNI BA SAS KK
