New Delhi, Nov. 12 -- Profitability of Asia-Pacific gas utilities is likely to remain under pressure in 2026-27 due to elevated liquefied natural gas (LNG) prices and supply disruptions, although moderating capital expenditure and strong financial positions are expected to support cash flows and credit profiles across the sector over the medium term, Fitch Ratings said in a report.

"We expect most APAC gas utilities to maintain solid financial profiles with ample rating or Standalone Credit Profile (SCP) headroom," the rating agency said in its November peer credit analysis.

The agency expects prolonged high LNG prices and supply disruptions following the Iran conflict.

"Prolonged high LNG prices and supply disruptions following the Ir...