City gas distribution sales may dip 8-10% due to conflict
pre-market1 source ↓written by the desknot a recommendation
- in daily sales
- 8-10% decline
- of the industry's
- 40%
India's city gas distribution (CGD) industry may experience a 8-10% decline in daily sales volumes due to disruptions in natural gas supplies from the ongoing West Asian conflict. This situation has led to a doubling of global LNG prices, impacting 40% of the industry's gas requirements. Despite these challenges, CGD players are expected to maintain profitability through price adjustments and strong liquidity buffers. ⚡
Not investment advice. For informational purposes only.