Petronet LNG, Mahanagar Gas shares slide up to 9% as global LNG prices surge on Middle East supply disruption

The weakness in gas stocks came as Asian spot LNG prices jumped to about $25.40 per million Btus — the highest level since 2023. The stocks of Petronet LNG, Mahanagar Gas, GAIL India and Indraprastha Gas fell 4-9% each.

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