Stockrabit · Analysts
Questions across 2 calls

Raj Chandaria

Firm not listed in source transcripts

Aegis Logistics Limited

Aegis Logistics Limited CC-Dec23.pdf · 2024-02-02
Our feedback in the market is that both natural gas and propane prices will continue to remain volatile. There will be ups, there will be downs and so on. And the lesson that the customers have ultimately learned is that it is better not to depend only on one source. And so we see this market being nicely shared between both the propane side and the natural gas side. You can't completely get rid of natural gas and you can't completely get rid of propane. So we're very happy. We are servicing our customers from our local terminal, and we're happy to coexist with natural gas.
Yes. Anybody over a reasonable size would have dual options, dual burners and many of them have put in flexible fuel systems. And in fact, we are working technically to convert all of those who are not to have that option. We have -- I mean, I can't go into the details of it, but we have a lot of options for people at a very low cost basis to give them that flexibility. And what we find, the ground reality is that many of them actually quietly are converting from NG to LPG a nd propane -- both LPG and propane.