Gujarat Energy PNG sales in Morbi drop nearly 90%
In short
Gujarat Energy’s PNG sales in Morbi fell nearly 90% over five months to 1 mmscmd from 8.5 mmscmd. The drop happened as propane supply improved.
The company is looking for cheaper LNG supply to bring back industrial customers.
What the reporting says
Gujarat Energy’s PNG sales in Morbi dropped nearly 90% to 1 mmscmd over five months, from a peak of 8.5 mmscmd, as propane supply improved. The company is now pursuing competitive LNG sourcing to win back industrial customers. The decline highlights pressure on its gas volumes and the need to regain market share in the local industrial segment.
Why it matters
Gujarat Energy’s PNG sales in Morbi fell to 1 mmscmd from a peak of 8.5 mmscmd over five months, according to the report, as propane supply improved. The company is seeking competitive LNG sourcing to win back industrial customers. The move is important for the company’s gas volumes and for industrial users in Morbi that rely on local fuel supply.