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Strong demand to drive gains for stocks of city gas distributors

GAIL has come under pressure since it is not receiving contracted liquefied natural gas (LNG) cargoes and it is being forced to buy LNG at much higher prices

Topics
Liquefied Natural Gas | LNG price | GAIL India

Devangshu Datta 



LNG
High spot LNG rates could impact demand further

An interesting opportunity could be opening up in the city gas distribution (CGD) space. Share price of CGD companies, such as Indraprashtha Gas (IGL), Mahanagar Gas (MGL) and (GGL), have corrected sharply since the start of the Russia-Ukraine war as international have shot up due to fears of supply disruption.

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First Published: Wed, September 21 2022. 22:55 IST

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