Rising Gas Prices

The attacks, according to analysts at Rabobank International, expose wider risks to crude and natural gas supplies from the region despite the initial quick reversal of price gains for both markets

Petronet LNG share price: According to reports, PNGRB said that despite Dahej's plan to expand its capacity to 22.5 MMTPA, the re-gas charges have risen by 5 per cent annually

Stocks to Watch on Tuesday, August 1, 2023: The Board of ITC will meet on August 14 to announce Q1FY24 results, and consider the Scheme of Arrangement for the demerger of Hotels Business

The government last week raised the prices of gas produced from old fields, called APM gas, to $8.57 per million British thermal unit from $6.1

At a more macro level, Fitch now expects world GDP to grow by 2.4 per cent in 2022 - revised down by 0.5 percentage points (ppt) since the June assessment

As global prices soar, another committee to review gas pricing policies may find the going more challenging

In short, natural gas now rivals oil as the fuel that shapes geopolitics. And there isn't enough of it to go around

However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector

Besides the petrol, diesel and LPG prices, compounding the woes for manufacturers and consumers alike is the sharp hike in prices of natural gas starting April 1 for a period of six months

While company officials declined to comment, they said volatility in gas prices was a challenge