Petronet LNG – Management’s Lucidity On The New Businesses: Motilal Oswal

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.

We interacted with the management of Petronet LNG Ltd. on aspects such as the current business status and outlook.

In addition, we had a detailed discussion on the various prospects for business diversification in the recently published FY21 Annual Report.

The management highlighted that spot prices have risen to abnormal levels of $24–25/ metric million British thermal unit (i.e., two times that of long-term contracts) on account of huge demand from China, Japan, and Europe.

This has resulted in lower spot cargo orders being placed over the last few months.

Petronet LNG expects spot liquefied natural gas prices to normalise over the next five to six months.

Click on the attachment to read the full report:


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.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button