‘Domestic gas production expected to get a enhance’ – New Delhi News

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“Domestic gas production would get a further boost, primarily from RIL and ONGC’s assets in the KG Basin,” the brokerage home stated in a report.

Besides, the MOFSL cited that after remaining stagnant at 70mmscmd for the previous 5 years, home gas accessible for industrial consumption has risen.

It rose to 80mmscmd up to now few months.

“Since domestic gas availability would not suffice the demand of 220mmscmd projected in FY27E, import infrastructure would remain key to growth in gas consumption.”

“We expect India’s available LNG capacity to rise to 66.5mmtpa in the next 3-4 years from 42.5mmtpa.”

Furthermore, the report stated that key trunk pipelines like Jagdishpur-Haldia, Kochi-Bangalore, Mehsana-Bhatinda, and North East grid would facilitate higher gas penetration.

Additionally, it stated that beneficial gas costs would profit home consumption and would profit the general gas sector within the nation.

“In light of commodity prices turning favorable again (higher spot prices in the medium term, increase in petchem margin in Q3FY22, and better LPG price realization) and the reality of de-risking US Henry Hub contracts coming to light, we reiterate GAIL as our top pick in the largecap space,” the brokerage stated.

Disclaimer: This story is auto-aggregated by a laptop program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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