Mumbai, Mar 05 : Adani Total Gas (ATGL), a joint venture between the Adani Group and TotalEnergies SE, has increased gas prices for industrial consumers, citing reduced availability due to ongoing conflict in the Middle East, according to a customer notice reviewed by Reuters.
The escalation in regional tensions, including attacks on Iran and retaliatory strikes, has disrupted transit through the Strait of Hormuz between Iran and Oman, a key channel that handles roughly one-fifth of global oil shipments as well as significant LNG volumes.
“Due to recent geo-political developments impacting LNG supply routes, ATGL has received upstream gas curtailment, leading to operational constraints,” the company said in its notification.
Effective Tuesday, ATGL raised charges for gas consumed beyond the 40% daily contract quantity to 119 INR ($1.30) per standard cubic meter. Previously, rates hovered around 40 INR per standard cubic meter, according to sources.
The surge reflects the impact of strained global energy supply lines on domestic prices, as companies navigate operational limits amid the crisis in the Gulf region.
Adani Total Gas did not immediately respond to Reuters’ request for comment.