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Market move▼ Bearish for Petronet LNG
European Gas Prices Rise on Prospects of Prolonged LNG Disruptions
The brief
- European gas prices rose amid concerns over prolonged disruptions to LNG flows
- Higher LNG prices may raise costs for Indian gas importers, including Petronet LNG
- Natural Gas trapped in $3.081-$3.203 range: Live levels
- Accumulate Petronet LNG; target of Rs 302: Prabhudas Lilladher
- Buy Petronet LNG; target of Rs 360: Emkay Global Financial
- Petronet LNG shares: Nomura retains 'Buy', target price Rs 345; Kochi pipeline seen driving utilisation
- Stocks to watch today: SAIL, ITC, Petronet LNG, M&M, Tata Steel, NTPC
Europe's competition for LNG
EU gas stores are at record lows, raising competition with Asia for LNG cargoes. European gas prices rose amid concerns over prolonged LNG-flow disruptions.
Monday, 28 September
- European Gas Prices Rise on Prospects of Prolonged LNG Disruptions