India's city gas distribution sales may dip 8-10%
after close1 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 could face a 8-10% decline in daily sales volumes due to disruptions in natural gas supplies from the ongoing West Asian conflict. This situation has caused global LNG rates to double, impacting 40% of the industry's gas requirements sourced from imports. Despite this, CGD players may maintain profitability through price adjustments and strong liquidity buffers.
Not investment advice. For informational purposes only.