Gail India Limited is expecting spot prices of liquefied natural gas (LNG) to stay firm over the next 18 months. Currently, the prices range from $20-24 per mmbtu due to the Russia-Ukraine geopolitical conflict. These high energy prices have led to increased profit margin of gas distribution companies. Meanwhile, Gail reported a 41 per cent increase in its net profit in the first quarter of 2022 as a result of increased gas prices and improved gas marketing spread.