The domestic demand for natural gas is seen rising by 12-14 per cent next fiscal, despite prices remaining high for the past several months, said ratings agency Crisil.
According to it, this trend is supported by economic recovery and lower-than-usual inventories in key European consumption centres.
Besides, Russia’s invasion of Ukraine, which began in February 2022, drove already-elevated gas prices even higher, Crisil said.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.