Petronet LNG shows resilience amid Hormuz crisis
after close1 source ↓written by the desknot a recommendation
- have surged
- $25–27 per mmbtu
Petronet LNG is maintaining strong operational resilience despite the ongoing Strait of Hormuz crisis, with stable import flows and regasification throughput supported by diversified sourcing. Analysts from Nirmal Bang and JM Financial are bullish on the company's Kochi ramp-up and Dahej expansion, anticipating increased volumes from imminent pipeline connectivity. Spot prices have surged to $25–27 per mmbtu, yet demand remains steady.
Not investment advice. For informational purposes only.