Channel Checks On Gas Demand, CGD Trends: Nirmal Bang
Valve wheels sit on pipework at underground gas storage site. (Photographer Vincent Mundy/Bloomberg)

Channel Checks On Gas Demand, CGD Trends: Nirmal Bang

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.

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).

Click on the attachment to read the full report:

Nirmal Bang Oil and Gas Sector Update -15 December 2020.pdf

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