External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

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<p>Brent at USD69/bbl (May'21 average) has raised the price of oil-linked LNG to ~USD9/mmBtu (13% slope), similar to that of current spot LNG prices (which are also at ~USD9-10/mmBtu for July delivery). These make the pricing for US HH contracts favorable for GAIL. At the end of Dec'21, GAIL had started supplying gas (~2.3mmscmd totally) to various fertilizer plants ~0.8mmscmd to Mangalore Chemicals &amp; Fertilizers, ~1mmscmd to the Ramagundam plant, and ~0.5mmscmd to the Gorakhpur plant.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Brent at USD69/bbl (May'21 average) has raised the price of oil-linked LNG to ~USD9/mmBtu (13% slope), similar to that of current spot LNG prices (which are also at ~USD9-10/mmBtu for July delivery). These make the pricing for US HH contracts favorable for GAIL. At the end of Dec'21, GAIL had started supplying gas (~2.3mmscmd totally) to various fertilizer plants ~0.8mmscmd to Mangalore Chemicals &amp; Fertilizers, ~1mmscmd to the Ramagundam plant, and ~0.5mmscmd to the Gorakhpur plant.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Improving macros supportive: Upgrading multiple

India

GAIL India Limited processes and distributes natural gas and liquefied petroleum gas. The Company is a Government of India undertaking.

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Gail India (GAIL IN)

Improving macros supportive: Upgrading multiple

Brent at USD69/bbl (May'21 average) has raised the price of oil-linked LNG to ~USD9/mmBtu (13% slope), similar to that of current spot LNG prices...

Motilal Oswal

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