Like I had mentioned earlier international gas prices are going down. Spot Asia price is at USD 9.7 today… will go down further. US/Qatar already in talks to enter long term contracts with customers including Indian companies. These contracts should be at much lower levels than the spot price – ideally lesser than USD 4. Imported gas will become cheaper than domestic price (as per the revised formula). Demand for CNG cylinders will surge. Hope EKC is geared up for increasing capacity this time !!
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