Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Gas Companies
Officials said the regulator's move to recognise 54 gas pipelines as common carriers has faced multiple litigations till now from private entities, such as Adani Total Gas and even state run-GAIL
Why is demand for private credit rising? What are the challenges facing Air India-Vistara merger? How will Kirit Parikh panel gas reforms impact companies? What's the perennial rice variety of China?
A govt-appointed panel of Kirit Parikh has recommended doing away with the norms where prices of natural gas are fixed in tandem with world markets. How will the reforms affect companies in the sector
The proposed domestic gas pricing formula by Kirit Parikh panel will likely provide headroom to CGDs to reduce prices and improve margins, but this may hurt producers like ONGC, Oil India, experts say
The 153% jump in prices of natural gas this year has raised the stakes for the government of India to get its policy right in the sector
A bailout for Gazprom Germania GmbH could come as early as this week, with state-owned bank KfW Group expected to issue a loan in the range of 5 billion euros ($5.2 billion) to 10 billion euros
Russian President Vladimir Putin has underscored that Gazprom has met its obligations under long-term contracts and blamed high spot gas prices on European decisions
Some analysts are targeting price gains of 20-25 per cent across the sector in the next 12 months
Concerns over placement of the high-priced US gas contracts remain, even though GAIL has consistently met with success in placing them and reporting good numbers
After posting strong quarterly performance, gas utility companies such as Indraprastha Gas (IGL), Gujarat Gas and Mahanagar Gas are well placed to clock robust growth in the coming years. While low gas prices are supporting demand, together with rupee appreciation the two factors are propping up margins. With companies continuing to expand distribution, it is fuelling topline growth.Gujarat Gas, for instance, posted a strong of 19 per cent year-on-year in volumes in June quarter (Q1), which analysts attribute to better economics for gas usage versus coal/fuel oil for the Morbi-based ceramic makers, and revival in demand from chemical plants in Vapi-Valsad-Ankleshwar region. Gujarat Gas is expected to continue benefitting from this favourable gas economics, due to which Sharekhan's analysts believe volumes will post a 15 per cent compounded annual growth (CAGR) over FY17-19. This for a gas utility is excellent by any measure. Expansion of gas distribution network across new areas in ...
Pressure on natural gas prices will drive earnings of gas companies
Indraprastha Gas is expected to see stronger gains, as compared to Mahanagar Gas, say analysts