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Broker call▲ Bullish for Petronet LNG
Despite geopolitical risks, Street remains bullish on Petronet LNG outlook
The brief
- Analysts remain positive on Petronet LNG, citing Kochi growth, new revenue streams and project execution
- High spot LNG prices and geopolitical risks remain concerns
- Kochi growth and new revenue streams support Petronet LNG, while spot LNG costs pose a risk
- Qatar-linked LNG vessel transits through Hormuz increase despite conflict
- India explores greater UAE role in LPG and LNG supplies
- European Gas Prices Rise on Prospects of Prolonged LNG Disruptions