Chennai: The pipeline transmission of liquified natural gas and the City Gas Distribution segment is expected to pump in Rs 10-15,000 crore per annum over the next three years.
Natural gas demand grew 14 per cent YoY in the seven months of FY2024 supported by softening liquefied natural gas (LNG) prices and the uptick in domestic gas production.
LNG prices have remained soft since the beginning of FY2024 supported by faster-than-anticipated filling of natural gas inventories in the US, the EU, and Japan. China’s shift towards coal and increased pipe flows from Russia have kept the LNG demand in check, thereby supporting the price levels, said ICRA.
