India’s quarterly LPG import numbers for Q2 below:
| July - Sep '22 (MT) | July - Sep '21 (MT) | YOY change | Apr - Jun '22 (MT) | QoQ change |
|---|---|---|---|---|
| 4463 | 4687 | -4.7% | 4246 | 5.1% |
So, a 4.7% drop on a YoY basis but 5.1 % increase QoQ.
In Q1, FY23, Aegis did 637 MT of gas volumes (slide 5 of investor presentation). With India’s total import volumes at 4246 MT in Q1, that implies 15% market share.
Aegis has been hovering around the 15% market share for a while now. It will be interesting to see how that number moves with VLGC compliant jettys coming in at Pipavav and Kandla terminals getting operational.
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