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 Research Report
Asia's spot liquefied natural gas prices have soared to multi-year summer highs owing to strong regional demand and surging gas prices in European gas hubs and have exceeded Rasgas term LNG price significantly.
Henry hub prices have risen to ~$4.2/ metric million British thermal unit levels in August 2021 from ~$2.4/mmbtu in April 2021 owing to strong exports and heat wave in the U.S.
The U.S. natural gas inventories were at about 2.8 trillion cubic feet in July 2021, which is 6% lower than the past five-year average for this time of the year.
European gas inventories are at the lowest for this time of the year providing support to gas prices.
Domestic gas prices are expected to almost double in the next revision owing to increase in prices at various international hubs.
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