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This Article is From Sep 17, 2021

Oil & Gas Sector Check - European Winter Severity To Determine Gas, LNG Price Outlook: ICICI Securities

Oil & Gas Sector Check - European Winter Severity To Determine Gas, LNG Price Outlook: ICICI Securities
Ice covers valve control wheels connected to pipe work at OAO Gazprom's new Bovanenkovo deposit, a natural gas field near Bovanenkovskoye on the Yamal Peninsula in Russia.  (Photographer: Alexander Zemlianichenko Jr./Bloomberg)
STOCKS IN THIS STORY
BSE Oil & Gas
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Nifty Oil & Gas
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Poona Dal & Oil Industries Ltd.
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Gandhar Oil Refinery (India) Ltd
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Gulf Oil Lubricants India Ltd.
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Oil Country Tubular Ltd.
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MOIL Ltd.
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Tide Water Oil Company (India) Ltd.
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Shree Rajivlochan Oil Extraction Ltd.
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Hindustan Oil Exploration Company Ltd.
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Raj Oil Mills Ltd.
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Olympic Oil Industries Ltd.
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Oil India Ltd.
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Indian Oil Corporation Ltd.
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Oil & Natural Gas Corporation Ltd.
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Kirloskar Oil Engines Ltd.
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Savita Oil Technologies Ltd.
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Inter State Oil Carrier Ltd.
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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.

ICICI Securities Report

Dutch Title Transfer Facility and UK National Balancing Point, gas prices are up 22% in the last three days to $24.524.6/ metric million British thermal unit.

This surge was triggered by German energy regulator saying it has four months to certify Nord Stream two gas pipeline and fire at a conveyer station in UK that shut cable transmitting one gigawatt power from France to UK.

Japan Korea Marker spot liquefied natural gas futures for November 2021-February 2022 spiked to $25.7-26.8/mmbtu as Asia and Europe compete for gas supplies.

European gas storage being at least at 11-year seasonal low is one of the main drivers of global gas and LNG rally and is also key to outlook.

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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