- 11 May 2022
- ICICI Securities
Government asks Gail to import gas, buy from local difficult fields
GAIL - 154 Change: 0.05 (0.03 %)News: Government has asked GAIL to import gas and buy from local difficult fields to meet growing demand growth from household and transport sectors. Additionally, media reports indicate that new rules allow quarterly allocation of gas for transport and households sector on the basis of demand in the previous three months
Views: Contribution of LNG in gas sourcing mix will be key monitorable as spot LNG prices are currently trading at higher level and higher percentage of spot LNG will increase overall price. We await further clarity on timeline of gas supply by Gail and gas sourcing mix
Impact: Neutral