GAIL (India) is expecting its gas demand returning to pre-COVID-19 levels by the end of Q2 (July-September) of 2020-21 as the expansion of the city gas network will offset shrinking consumption. The company sold about 113 million standard cubic metres per day of the fuel before the outbreak of the pandemic.
The company saw gas demand almost halving when a nationwide lockdown was imposed beginning March 25 to contain the spread of coronavirus. Industries that used gas as feedstock shutdown and CNG-run buses and vehicles went off the road. But with the restarting of economic activity and unlock phases that began in May and June, the demand started coming back, and the company is currently selling gas at almost 95 percent of pre-COVID-19 levels.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
