Globally gas field finds and production are on an uptick and ESG conscious exploration companies are reorienting their investment portfolio towards gas as demand for the same is projected to grow.
I believe gas prices will remain range bound (barring a few seasonal aberrations) and competitive compared to coal. Latest gas discovery in India should be a shot in the arm for India’s aspiration to improve consumption of gas (a much cleaner fuel than coal) as an energy source.
Disc- Recent investor in Petronet after Q3 results.
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