EU gas prices offer a chance to Indian chemical companies Costs of gas are high

The ramp-up of exports and the substitution of imports are the main catalysts

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There’s an intriguing investment idea that is a result of the pressure on Russian gas supply for the EU. Europe’s chemical producers, which depend upon Russian natural gas as their feedstock, are in a state of crisis. In the meantime gas shortages have resulted in an increase in the cost of electricity.

 This has led to EU chemical production including ammonia capsrolactam, methanol, as well as the melamine has been dramatically reduced.

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