Adani Total Gas Limited (ATGL) has significantly increased gas prices for industrial customers, citing reduced availability of gas due to the ongoing conflict in West Asia. The decision was communicated to clients through a notice seen by Reuters.
ATGL is a joint venture between the Adani Group and French energy major TotalEnergies.
The price hike comes after escalating tensions in the region disrupted energy supply routes. Recent attacks on Iran and retaliatory strikes from Tehran have affected shipping movements through the Strait of Hormuz, a key global energy corridor between Iran and Oman. The route carries nearly one-fifth of the world’s oil and large volumes of liquefied natural gas (LNG).
According to the company, the geopolitical situation has disrupted LNG supply routes, resulting in upstream gas curtailment and operational constraints for ATGL.
Due to the supply disruption, the company has raised the price of gas used beyond 40 percent of the daily contracted quantity to ₹119 (about $1.30) per standard cubic meter starting Tuesday.
Previously, the price was around ₹40 per standard cubic meter, according to industry sources, indicating a sharp increase for industrial users who exceed their contract limits.
ATGL has not yet responded to requests for comment regarding the price revision.
Energy experts say the situation highlights how geopolitical tensions in West Asia can quickly affect global energy supply chains and lead to price volatility in markets like India.
