India has withdrawn the order that curbed gas suppliers, after liquefied natural gas supply resumed from the Middle East. The Ministry of Petroleum and Natural Gas confirmed the reversal in a notification issued on Saturday, unwinding emergency measures first imposed in March.
India has withdrawn an order imposing curbs on gas suppliers as supply of liquefied natural gas has resumed from the Middle East, according to a notification the Ministry of Petroleum and Natural Gas issued on Saturday. The decision comes as Middle East tensions ease.
The country had invoked emergency measures in March to divert gas supplies from non-priority sectors to key users. Those measures followed the disruption of LNG shipments through the Strait of Hormuz.
Traders following natural gas tend to watch such supply signals closely.
Source: NDTV (snippet-based)
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