Latest news with #gasSupply
BBC News
08-07-2025
- Automotive
- BBC News
Cambridge gas works in Long Road started by Cadent
Workers have started to replace 1,500m (4,921ft) of ageing gas pipes near a city said the existing pipes in Long Road, Cambridge, were installed 90 years ago and needed warned traffic lights could be in place until the end of September while the project manager Doug Taylor said: "We are very conscious of the disruption roadworks cause and will be in regular contact with the highways authority." Work was expected to be completed by 26 September."We have a responsibility to make sure every property that uses gas has access to it 24/7, 365 days a year," Mr Taylor admitted it was "far from ideal" to have traffic lights in a busy area, adding: "We have worked hard with the local authorities to create a plan that keeps traffic flowing and maintains access for local businesses, residents, and hospitals."People living in Long Road were told their gas supply could be interrupted in spells during the was "usually restored" later the same day, Cadent said.A second stage of work has been scheduled for summer 2026. Follow Cambridgeshire news on BBC Sounds, Facebook, Instagram and X.
Zawya
01-07-2025
- Business
- Zawya
Pakistan looking to sell excess LNG amid supply glut curbing local gas output
Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation and a government official familiar with the matter. The country has at least three LNG cargoes in excess that it imported from top supplier Qatar and has no immediate use for, and is currently selling natural gas at steep discounts to local users, a second government official said. Power generation from gas-fired power plants, which has historically accounted for a lion's share of LNG use in the country, has declined for three straight years ended 2024, with cheaper solar power use dramatically gaining at the expense of gas-fired generation, data from energy think-tank Ember showed. That has forced domestic producers of the fuel to curb production. Pakistan is currently exploring the possibility of transferring LNG cargoes to rented tankers for "offshore storage and onward sale," state-owned oil and gas producer OGDCL said in a presentation to industry and government. "Excess LNG in the gas network has resulted in significant production operations impact for local exploration and production companies over last 18 months," OGDCL said, adding that it had forced curtailment of domestic supply. The domestic industry could suffer $378 million in losses over the next 12 months at the current rate of curtailment, according to the presentation dated May 29 reviewed by Reuters. It is not immediately clear if Pakistan's long-term LNG import contracts with QatarEnergy allows for a resale of cargoes. One of the government officials said the country was still exploring ways to do it. Qatar typically has a destination clause in long-term supply contracts with buyers that restrict where the cargoes can be sold. QatarEnergy did not immediately respond to a request seeking comment. Pakistan has already deferred five contracted LNG cargoes from Qatar without financial penalty, shifting delivery from 2025 to 2026, as the country grapples with surplus capacity. Pakistan's petroleum minister Ali Pervaiz Malik declined to comment on the presentation, but said renegotiating contracts with Qatar was a "complex" process that could take at least a year, and a final decision on initiating it had yet to be made. "While the existing contract with Qatar allows Pakistan to decline vessels, doing so incurs penalties and other complications," Malik told Reuters. The glut has stemmed from several gas-fired power plants, previously operating under must-run contracts, now being sidelined, Malik said. "It was expected that summer season will create extraordinary demand but the trend indicates the opposite," OGDCL said in the presentation. (Reporting by Ariba Shahid and Sudarshan Varadhan; editing by David Evans)
Arab News
01-07-2025
- Business
- Arab News
Pakistan looking to sell excess LNG amid supply glut curbing local gas output — document
KARACHI/SINGAPORE: Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation and a government official familiar with the matter. The country has at least three LNG cargoes in excess that it imported from top supplier Qatar and has no immediate use for, and is currently selling natural gas at steep discounts to local users, a second government official said. Power generation from gas-fired power plants, which has historically accounted for a lion's share of LNG use in the country, has declined for three straight years ended 2024, with cheaper solar power use dramatically gaining at the expense of gas-fired generation, data from energy think-tank Ember showed. That has forced domestic producers of the fuel to curb production. Pakistan is currently exploring the possibility of transferring LNG cargoes to rented tankers for 'offshore storage and onward sale,' state-owned oil and gas producer OGDCL said in a presentation to industry and government. 'Excess LNG in the gas network has resulted in significant production operations impact for local exploration and production companies over last 18 months,' OGDCL said, adding that it had forced curtailment of domestic supply. The domestic industry could suffer $378 million in losses over the next 12 months at the current rate of curtailment, according to the presentation dated May 29 reviewed by Reuters. It is not immediately clear if Pakistan's long-term LNG import contracts with QatarEnergy allows for a resale of cargoes. One of the government officials said the country was still exploring ways to do it. Qatar typically has a destination clause in long-term supply contracts with buyers that restrict where the cargoes can be sold. QatarEnergy did not immediately respond to a request seeking comment. Pakistan has already deferred five contracted LNG cargoes from Qatar without financial penalty, shifting delivery from 2025 to 2026, as the country grapples with surplus capacity. Pakistan's petroleum minister Ali Pervaiz Malik declined to comment on the presentation, but said renegotiating contracts with Qatar was a 'complex' process that could take at least a year, and a final decision on initiating it had yet to be made. 'While the existing contract with Qatar allows Pakistan to decline vessels, doing so incurs penalties and other complications,' Malik told Reuters. The glut has stemmed from several gas-fired power plants, previously operating under must-run contracts, now being sidelined, Malik said. 'It was expected that summer season will create extraordinary demand but the trend indicates the opposite,' OGDCL said in the presentation.
Reuters
01-07-2025
- Business
- Reuters
Exclusive: Pakistan looking to sell excess LNG amid supply glut curbing local gas output
KARACHI/SINGAPORE, July 1 (Reuters) - Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation and a government official familiar with the matter. The country has at least three LNG cargoes in excess that it imported from top supplier Qatar and has no immediate use for, and is currently selling natural gas at steep discounts to local users, a second government official said. Power generation from gas-fired power plants, which has historically accounted for a lion's share of LNG use in the country, has declined for three straight years ended 2024, with cheaper solar power use dramatically gaining at the expense of gas-fired generation, data from energy think-tank Ember showed. That has forced domestic producers of the fuel to curb production. Pakistan is currently exploring the possibility of transferring LNG cargoes to rented tankers for "offshore storage and onward sale," state-owned oil and gas producer OGDCL said in a presentation to industry and government. "Excess LNG in the gas network has resulted in significant production operations impact for local exploration and production companies over last 18 months," OGDCL said, adding that it had forced curtailment of domestic supply. The domestic industry could suffer $378 million in losses over the next 12 months at the current rate of curtailment, according to the presentation dated May 29 reviewed by Reuters. It is not immediately clear if Pakistan's long-term LNG import contracts with QatarEnergy allows for a resale of cargoes. One of the government officials said the country was still exploring ways to do it. Qatar typically has a destination clause in long-term supply contracts with buyers that restrict where the cargoes can be sold. QatarEnergy did not immediately respond to a request seeking comment. Pakistan has already deferred five contracted LNG cargoes from Qatar without financial penalty, shifting delivery from 2025 to 2026, as the country grapples with surplus capacity. Pakistan's petroleum minister Ali Pervaiz Malik declined to comment on the presentation, but said renegotiating contracts with Qatar was a "complex" process that could take at least a year, and a final decision on initiating it had yet to be made. "While the existing contract with Qatar allows Pakistan to decline vessels, doing so incurs penalties and other complications," Malik told Reuters. The glut has stemmed from several gas-fired power plants, previously operating under must-run contracts, now being sidelined, Malik said. "It was expected that summer season will create extraordinary demand but the trend indicates the opposite," OGDCL said in the presentation.
Asharq Al-Awsat
01-07-2025
- Business
- Asharq Al-Awsat
Germany Lowers Gas Security Alert Level as Supply Bottlenecks Ease
The German government has lowered the gas supply security level to early warning grade from alarm level as supply bottlenecks eased, Economy Minister Katherina Reiche said on Tuesday. Berlin had declared the alert level in June 2022 following Russia's invasion of Ukraine and a sudden drop in gas imports from Moscow. Germany no longer imports pipeline-based gas from Russia and no Russian liquefied natural gas arrives in its LNG terminals, Reiche said, Reuters reported. She said Germany's gas supply was secure and the conditions for the alert level according to its emergency plan no longer existed. Reiche added that given the stable situation, it was not necessary for the government to refill the country's gas storage facilities through its trading hub. The early warning level, the first of three crisis levels, will remain in place for the government to keep a close eye on the supply situation. "The market is still able to cope with this disruption or demand without the need for non-market-based measures," Reiche told journalists at a news conference in Berlin. Germany's gas storage levels are around 50% below levels of previous years but storage activity has increased significantly, she said. While gas prices have stabilized at around 34 euros per megawatt hour, this is still twice as high as before the energy crisis stirred by the war in Ukraine.
