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This Article is From Jul 02, 2021

Gas Utilities Industry Update - Second Wave Hits Gas Consumption Though Impact Lower Than First Wave: ICRA

Gas Utilities Industry Update - Second Wave Hits Gas Consumption Though Impact Lower Than First Wave: ICRA

Gas Utilities Industry Update - Second Wave Hits Gas Consumption Though Impact Lower Than First Wave: ICRA
The Mahanagar Gas Ltd. head office building stands in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICRA Report

The second wave of Covid has hit gas consumption though impact is lower than the first wave.

However, in FY 2022 gas demand is expected to grow owing to commissioning of new fertilizer plants and offtake by CGD entities enabled by expansion in pipeline network and new LNG terminals

Though Liquefied Natural Gas prices have declined from the highs of January/February 2021, prices are elevated due to supply side disruptions and increase in crude oil prices.

However, prices are expected to have a downward bias owing to new liquefaction supply coming online in excess of incremental demand.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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