GGAS stock price fell 20%, as soaring spot LNG price of over $20/MMBtu (3x from Q1FY22 levels) and lower container availability hit Morbi volumes which accounts for ~60% of company's volumes. However, we believe recent correction offers an attractive entry point given 1) likely start of new gas (Nord Stream 2) pipeline (40MTPA capacity) supplies from Russia by early CY22 to help ease spot LNG prices 2) GGAS has entered into oil linked contracts for cutting reliance on spot volumes to 24% in FY22 (~37% in FY21) 3) recent price hikes in CNG and PNG of 4%/15% to shield margins and 4) aggressive...