Oil, Gas, Spot LNG Surge To Bring Gains For GAIL, Oil India: ICICI Securities

A gas flare stands beyond oil processing and refining structures. (Photographer: Akos Stiller/Bloomberg)

Oil, Gas, Spot LNG Surge To Bring Gains For GAIL, Oil India: ICICI Securities

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.

ICICI Securities Report

Japan Korea Marker spot liquefied natural gas prices, which fell from record highs in January 2021 to $5.6/metric million British thermal unit in March 2021, have rebounded to $12.1/mmbtu.

Low gas inventories in North Asia and Europe (at three-year low) due to cold winters and outages at LNG export plants, have meant the two regions are competing with each other for supply thereby, leading to surge in both European gas and Asian spot LNG prices.

GAIL Ltd. is set to gain from oil and spot LNG surge, which augurs well for its FY22-FY23E gas marketing Ebitda outlook.

Click on the attachment to read the full report:

ICICI Securiteis Gas sector update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.