Announced Fri, 24 Jul · 11:32 IST
Petronet LNG denies QatarEnergy extending force majeure to mid-October
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PETRONET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹269.70
prior close
₹273.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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Up moveDown movePending
AI summary
Exchanges asked Petronet LNG to clarify a news report that its stock fell about 4% on QatarEnergy reportedly extending force majeure through mid-October 2026. Petronet LNG replied it is NOT aware of any such extension. However, the force majeure declared in March 2026 continues due to regional hostilities and Strait of Hormuz blockage. Company is providing additional regasification capacity to offtakers GAIL, IOCL and BPCL to mitigate impact.
Likely market impact
Denial may ease short-term selling pressure, but ongoing force majeure continues to affect LNG supplies.