{"id":435863,"date":"2021-09-14T11:52:13","date_gmt":"2021-09-14T06:22:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435863"},"modified":"2021-09-14T12:46:40","modified_gmt":"2021-09-14T07:16:40","slug":"oil-gas-high-gas-lng-prices-to-help-ongc-oil-gail","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gas-high-gas-lng-prices-to-help-ongc-oil-gail\/","title":{"rendered":"Oil &amp; Gas: High gas\/LNG prices to help ONGC, OIL &amp; GAIL"},"content":{"rendered":"<p>At latest futures, FY22-FY23e Brent is 5-4%, FY23e deepwater and APM gas prices are 40-60% and FY22e LPG price is 22% above our estimates. Net impact of this, upside to NRL\u2019s FY22e GRM and downside to ONGC\u2019s FY22-FY23e gas sales, is upside to FY22-FY23e EPS of ONGC of 8-27%, OIL of 14-17% and GAIL of 27-6%.<\/p>\n<p>APM gas price surge may pose challenge to Gujarat Gas (GGL), MGL and IGL as CNG price may need to be hiked by 49-53% in Oct\u201921-Oct\u201922 to pass on gas cost rise and maintain margins. Spot LNG surge may push GGL in the red in FY22e if there is no further price hike; downside to FY22e EPS would be 21% if further price hike lifts margin to Rs 4.5\/scm (Rs 5.5\/scm in base case).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At latest futures, FY22-FY23e Brent is 5-4%, FY23e deepwater and APM gas prices are 40-60% and FY22e LPG price is 22% above our estimates. Net impact of this, upside to NRL\u2019s FY22e GRM and downside to ONGC\u2019s FY22-FY23e gas sales, is upside to FY22-FY23e EPS of ONGC of 8-27%, OIL of 14-17% and GAIL of 27-6%. APM gas price surge may pose challenge to Gujarat Gas (GGL), MGL and IGL as CNG price may need to be hiked by 49-53% in Oct\u201921-Oct\u201922 to pass on gas cost rise and maintain margins. Spot LNG surge may push GGL in the red [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-435863","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=435863"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435863\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}