Gas stocks jump as supply fears ease after govt steps; Adani Total Gas surges 9%, MGL, Petronet LNG gain

Natural Gas

• Gas stocks rose as govt acted to stabilize supply issues.
• Adani Total Gas jumped over 9 percent, leading sector gains
• India received extra LNG cargoes amid Middle East conflict

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Shares of city gas distribution and LNG companies rallied on Thursday, with several gas-linked stocks gaining sharply after the government moved to stabilise supplies amid disruptions linked to the Middle East conflict. At 11:55 am, the Sensex was down nearly 500 points or 0.65 percent at below 76,400, while the Nifty fell over 150 points to hover just above 23,700.

However, energy-linked stocks bucked the trend, with the Nifty Energy index rising about 1.9 percent and the Nifty Oil & Gas index gaining around 0.9 percent. Among individual stocks, Adani Total Gas surged over 9 percent, emerging as the biggest gainer in the gas pack.

Other gas companies also traded firmly higher. GAIL (India) stock rose about 3.1 percent, while Gujarat Gas gained nearly 2.9 percent. Mahanagar Gas climbed about 2.2 percent, and Petronet LNG advanced around 1.8 percent, reflecting strong buying interest across the gas distribution and LNG import segment. Additional gains were seen in Indraprastha Gas, which rose about 0.8 percent, and Gujarat State Petronet, which edged up around 0.6 percent.

• Also read | Two LNG cargoes on their way to country, says govt amid gas shortage fears

The rally in gas stocks followed the government’s move to stabilise domestic fuel supplies amid geopolitical disruptions affecting LNG shipments through the Strait of Hormuz, a critical global energy shipping route. The Ministry of Petroleum and Natural Gas said India has started receiving additional cargoes of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) to offset supply disruptions caused by the ongoing Middle East conflict.

According to ministry officials, two LNG cargoes are already on their way to India, while state-run oil marketing companies have secured additional crude shipments from multiple countries. Officials added that around 75 percent of crude supplies are now coming from routes other than the Strait of Hormuz, compared with about 55 percent earlier, helping reduce supply risks.

India consumes about 189 million metric standard cubic metres per day (MMSCMD) of natural gas, of which 97.5 MMSCMD is produced domestically, while the remainder is imported. Officials said around 47.4 MMSCMD of gas supply has been affected due to force majeure conditions, following disruptions linked to the conflict.

The government has invoked emergency powers under the Natural Gas (Supply Regulation) Order, 2026, prioritising gas allocation for essential sectors such as domestic piped gas supply, CNG for transport, LPG production, and pipeline operations.

The move comes after Qatar -- India’s largest LNG supplier accounting for about 45 percent of imports -- halted production last week, raising concerns about potential shortages in the domestic market. To address the situation, authorities have also directed refiners to maximise LPG production and divert additional output toward household consumption.

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