29 August 2019 The completion of three fertilizer plants along the Jagdishpur-Haldia- Bokaro-Dhamra pipeline (JHBDPL), combined with the contribution from Matix Fertilizer start-up and Mangalore Chemicals and Fertilizers (MCFL) conversion, is likely to de-risk ~60% of total US Henry Hub (HH) contracts. The completion of three urea plants (Gorakhpur, Sindri and Barauni) by Hindustan Urvarak & Rasayan (HURL) in addition to Ramagundam Fertilizers and Chemicals is expected to add 9.4mmscmd of marketing volumes for GAIL over the next 3-4 years. The start-up of Matix Fertilizer and the conversion of Mangalore Chemicals and Fertilizers from naphtha to gas could add 3.1mmscmd of sales. ONGCs KG-DWN-98/2 is expected to commence gas production in Dec19, which is likely to ramp up to ~14mmscmd by FY22. Considering that most potential users in the KG basin are power plants that may not be able to take high cost KG basin gas, even 70% routing of KG basin gas to west coast could boost transmission volumes of GAIL by 29%.