Consumer gas prices are likely to decline 23% from FY19 to FY22, helping demand to grow to 230m cubic meters/day by FY25 from 148m in FY19, Morgan Stanley says in Oct. 9 report.
Demand to be aided by low LNG prices, government’s focus on pollution control, as well as efforts to reduce trade deficits by replacing more expensive oil with gas.
Companies likely to benefit include LNG importers Petronet and GAIL, followed by city gas distributors including IGL and Gujarat Gas
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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