Petronet LNG provides comfort on the business model and remains a structural story of India's increasing gas demand. With India continuing to be short of natural gas supply, Petronet LNG will benefit as the primary play on increasing usage of LNG. On the new project front, the management indicated the company is planning to set up an import terminal on the east coast. Post relaxations in lockdown, Petronet LNG's volume surpassed preCovid levels with the Dahej terminal operating at full capacity. However, additional capacity from new terminals on the west coast (Mundra, Dabhol) and lack of new investment opportunities will limit volume growth from...