Channel Checks On Gas Demand, CGD Trends: Nirmal Bang
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Nirmal Bang Report
Indian gas demand sustained growth across segments in October 2020.
According to Petroleum Planning and Analysis Cell’s October 20 gas monthly, gas availability grew by 5.2% YoY to 166 million metric standard cubic meter per day.
Supply of domestic gas was down 9.7% YoY. Gas consumption was up 11.7% month-on-month at 160.55 mmscmd.
All segments, barring petchem (99% of normal) surpassed normal demand (based on January 2020 trend).
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