New Delhi, July 10 -- Domestic natural gas companies are bracing for a weak June quarter (Q1FY27) as lower LNG imports and higher gas procurement costs triggered by the West Asia conflict weigh on earnings.

Total domestic natural gas consumption during the first two months of Q1FY27 fell more than 10% year-on-year and 13% compared with February levels to about 170 mmscmd (million standard cubic metres per day), according to the latest data from the Petroleum Planning & Analysis Cell (PPAC).

The decline reflected lower LNG imports and weaker domestic natural gas production, each of them account for nearly half of India's gas consumption. Imports were hit by the shutdown of Qatar's LNG plant, although some supplies were sourced from the s...