GAIL and 5 Other Gas Stocks to Watch as QatarEnergy Temporarily Halts LNG Production

Synopsis: From Petronet to Adani, several key Indian companies in the business of gas are on the radar to get affected by QatarEnergy’s decision to temporarily halt LNG production. 

QatarEnergy’s decision to temporarily halt LNG production post the direct military attacks by Iranian drone strikes targeted key energy facilities in Ras Laffan and Mesaieed Industrial Cities has sparked fresh concerns across global energy markets. As one of the world’s largest LNG exporters, Qatar plays a critical role in supplying gas to key importing nations, including India. Any disruption in output can tighten supply, elevate spot LNG prices, and increase input costs.

For India, which relies heavily on LNG imports to meet rising gas demand, such a development could influence transmission volumes, margins, and profitability across the value chain. Here are six listed gas-related stocks that may get affected by this development, spanning LNG importers, pipeline operators, and city gas distribution companies.

Petronet LNG Ltd

India’s premier LNG importer operates the flagship Dahej terminal with a 17.5 MMTPA capacity and Kochi terminal with a 5 MMTPA capacity. The company has a long-term contract to buy 7.5 MMTPA directly from Qatar.

As of March 2026, Dahej’s expansion to 22.5 MMTPA is reaching mechanical completion. In Q3 FY26, the company processed 233 TBTU, achieving 94 percent utilization at Dahej and a record 29 percent at Kochi, with a PAT of Rs 848 crore.

With a market cap of more than Rs 42,000 Cr, the company’s stock is currently trading around Rs 280, 9 percent lower than the previous close of Rs 309. The stock has given a 3-year compounded return of 11 percent.

GAIL (India) Ltd

This Maharatna PSU dominates the midstream sector with an 18,000+ km pipeline network. It currently handles a natural gas transmission volume of 123 MMSCMD. For Q3 FY26, GAIL reported a PAT of Rs 1,729 crore and is expanding major pipelines like the Mumbai-Nagpur-Jharsuguda line to bolster national connectivity.

With a market cap of more than Rs 1.02 lakh Cr, the company’s stock is currently trading around Rs 156, 6 percent lower than the previous close of Rs 165. The stock has given a 3 year compounded return of 16 percent.

Gujarat Gas Ltd

As India’s largest City Gas Distribution (CGD) player by volume, it distributes 8.37 MMSCMD across six states. It operates 833 CNG stations and serves about 24 lakh households via a 44,500 km network. Q3 FY26 saw record CNG volumes of 3.45 MMSCMD, contributing to a quarterly PAT of approximately Rs 267 crore.

With a market cap of more than Rs 26,700 Cr, the company’s stock is currently trading around Rs 390,  3 percent lower than the previous close of Rs 398. The stock has given a 3 year compounded return of negative 8 percent.

Gujarat State Petronet Ltd (GSPL)

A key state-owned infrastructure provider, GSPL focuses on high-pressure gas transmission across Gujarat. It currently faces a revised levelized tariff of Rs 18.10/MMBTU. While standalone PAT dipped to Rs 114 crore in Q3 FY26 due to tariff cuts, its consolidated PAT grew 13 percent to Rs 379 crore amid a major structural merger with Gujarat Gas.

With a market cap of more than Rs 16,000 Cr, the company’s stock is currently trading around Rs 285,  6 percent lower than the previous close of Rs 299. The stock has given a 3 year compounded return of 3 percent.

Mahanagar Gas Ltd (MGL)

MGL primarily serves the Mumbai Metropolitan Region with a network of 491 CNG stations and 3.07 million household connections. Average sales volumes reached 4.62 MMSCMD in Q3 FY26. Despite a slight PAT decline to Rs 202 crore due to rising gas costs, the company maintained a healthy EBITDA margin of 19.2 percent in 9MFY26.

With a market cap of more than Rs 11,000 Cr, the company’s stock is currently trading around Rs 1,120,  8 percent lower than the previous close of Rs 1209. The stock has given a 3 year compounded return of 10 percent.

Adani Total Gas

A leader in retail expansion, this JV operates in 34 areas with 680 CNG stations and 10.5 lakh domestic connections. Q3 FY26 volumes grew 12 percent YoY to 289 MMSCM, with a PAT of Rs 159 crore. It is rapidly diversifying into green energy, boasting 4,908 EV charging points with an installed capacity of 51 MW.

With a market cap of more than Rs 53,000 Cr, the company’s stock is currently trading around Rs 480, 2 percent lower than the previous close of Rs 493. The stock has given a 3 year compounded return of negative 14 percent.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post GAIL and 5 Other Gas Stocks to Watch as QatarEnergy Temporarily Halts LNG Production appeared first on Trade Brains.