Gas Supply Shock May Outlast War, Bigger Worry Than Oil Prices: ICICI Securities

• ICICI Securities energy analyst Probal Sen warns that gas supply disruptions could persist longer than the war itself, posing a greater concern than oil prices.
• Damage to key LNG infrastructure might delay supply recovery for weeks, even if geopolitical tensions de-escalate.
• Prolonged gas supply disruption is expected to negatively impact the earnings of energy companies, particularly those with significant industrial gas demand.
• Despite international concerns, domestic gas supply is projected to remain relatively stable in the near term.