BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
News reports indicate that workers at Chevron's Wheatstone and Gorgon liquefied natural gas plants are set to go on limited strike from September 07, 2023, potentially impacting exports of 24.5 million tonne (~88 million metric standard cubic metre per day) of combined capacities at the two terminals.
This represents ~5% of global LNG liquefaction capacity. We note that this action, if it escalates to a full scale suspension of work can create material tightness in global LNG markets.
From India's perspective, the stoppage can create a real impact as GAIL India Ltd. gets 1.44 mt of LNG on a long-term contract from the Gorgon terminal.
We note that longer-term demand-supply estimates remain fairly balanced, but short-term fluctuations create downside risk to margins of city gas distribution companies and GAIL's petrochemical segment.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
