Indian gas companies up on renewed global LNG recovery, says Investec
** Shares of Petronet LNG PLNG.NS, GailGAIL.NS, Gujarat State Petronet GSPT.NS Gujarat Gas GGAS.NS up between 1.7% to 2%
** Global LNG market set for a 40% surge in supply capacity, representing fastest capacity growth in recent years, said analysts at Investec Equities
** Liquefied natural gas (LNG) prices have dropped from their highs following the Russia-Ukraine crisis in 2022, benefiting India's gas value chain : Investec
** Lower spot LNG prices, limited domestic supply growth points to steady LNG imports for India
** PLNG, GGAS, GSPT and GAIL among top gainers on Nifty Oil & Gas index .NIFOILGAS
** GAIL also among top gainers on Nifty PSE index .NIFTYPSE
** PLNG, GGAS, GSPT and GAIL up 52%, 40%, 2% and 38%, respectively so far this year
** Nifty Oil & Gas index has gained 31.3% so far this year
Reporting by Ashna Teresa Britto in Bengaluru
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