Nomura Lowers Petronet LNG Share Price Target Amidst Potential West Asia Crisis Impact on Volumes

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Nomura Cuts Petronet LNG Price Target Amid West Asia Crisis Concerns

Nomura Cuts Petronet LNG Price Target Amid West Asia Crisis Concerns

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CNBC TV18•20-03-2026, 08:05

Nomura Cuts Petronet LNG Price Target Amid West Asia Crisis Concerns

•Nomura has reduced its price target for Petronet LNG to ₹340 from ₹370, while maintaining a "buy" rating.
•The brokerage firm cites the West Asia crisis as a potential factor that could hurt near-term volumes for Petronet LNG.
•Nomura cut its FY27 EBITDA estimates for Petronet LNG by 23% due to anticipated delays in the Ras Laffan unit resuming operations.
•Despite damage to some units, India-specific trains at QatarEnergy's Ras Laffan Industrial Complex were not affected.
•Long-term damage to two LNG trains could result in 17% of overall capacity being offline for three to five years.

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