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gas shortage

PM Shehbaz Sharif takes notice of gas supply complaints during Ramadan

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Sports promote positive change, international solidarity: says PM

Prime Minister Shehbaz Sharif has taken immediate notice of complaints regarding gas supply issues faced by domestic consumers during Suhoor and Iftar in the holy month of Ramadan. To address these concerns, Prime Minister Shehbaz Sharif held an emergency late-night meeting at the ministerial level with the managing directors and senior administration of the Sui … Read more

Uniper asks for government help after Russian gas shortage

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Uniper
  • German utility Uniper has formally requested a rescue package from Berlin.
  •  Utility drove to the edge of insolvency by a reduction in Russian gas imports.
  •  The request also aims to enlarge the €2 billion credit facility with state-owned KfW bank.

Uniper has formally requested a rescue package from Berlin, a move that would likely result in the government holding a significant stake of the utility-driven to the edge of insolvency by a reduction in Russian gas imports.

The largest purchaser of Russian gas in Europe has been losing tens of millions of euros per day as it attempts to fill the void with more expensive gas purchased on the open market without being able to pass on the additional cost to customers.

Uniper announced on Friday that it has “filed a request to the German government for stability measures” via which it would seek to offset a portion of its increased expenses by imposing a temporary tax on gas purchasers.

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Energy Giants in France: Reduce Fuel & Electricity Are Using now

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France

Heads of energy giants in France urge citizens to limit use of fuel, oil, electricity, and gas. European energy system has been under significant strain for months. Gas stocks across the continent are in a state of high alert, and rationing procedures have been implemented. Sunday, the heads of three energy companies in France urged the … Read more

Voestalpine of Austria stores gas to ensure winter supply

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Voestalpine

Voestalpine has signed contracts to store three months’ worth of natural gas. Emergency legislation enacted earlier this year by the Austrian government grants firms permission to construct energy reserves. The steel and engineering company is already halfway to its goal of filling 1.5TWh of gas storage. Voestalpine, Austrian steel, and engineering company have reportedly signed … Read more

EU leaders are suspicious of US plan to control price of Russian oil

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Russian oil

EU leaders are suspicious of US push for a price ceiling on oil. The idea aims to prevent the Kremlin from pocketing sky-high oil income. EU will reduce imports of Russian oil by 90% by the end of the year, says Ursula von der Leyen. As they prepared for a G7 discussion on the matter, EU … Read more

Fear of a gas shortage causes German businesses to hope

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gas shortage

Confidence in Germany’s Ifo index decreased by 0.7 points to 92,3 this month. Russia’s decision to cut off gas supplies to Europe’s largest economy affects business confidence. The German chemical industry is “very concerned” about the possibility of gas shortages. This month, German business confidence declined as concerns over the highest inflation rate in 40 … Read more

Gas shortage cripples exports

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exports

ISLAMABAD: Fiscal 2020-21 (July-June) proved an excellent year for Muhammed Saleem, as he exported garments worth $2.5 million. This year he aimed for a higher target, but the crippling gas shortages shattered all his dreams. “I was aiming to export garments worth at least $3 million during the ongoing fiscal year,” said Saleem, who owns … Read more

Domestic exploration: PM orders fast-track issuance of licenses to cope with gas shortage

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Imran Khan

ISLAMABAD: Prime Minister Imran Khan on Wednesday directed the authorities concerned to ensure the fast-track issuance of licenses for domestic exploration to cope with gas shortage in the country. The prime minister also instructed the relevant departments to remove hurdles in the process of installation of new LNG terminals and virtual pipeline projects by the … Read more

SSGC suggests ‘new’ plan to address gas shortage in Karachi

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KARACHI: Sui Southern Gas Company (SSGC) Managing Director Imran Maniyar claimed that the company had devised a new plan to address the continuing gas shortage in Karachi to be implemented from December 27. In a video message, he assured that the new plan would improve the gas pressure in Karachi from Monday but added, it … Read more

Gas shortage issue to be taken up with Centre, Punjab minister assures Textile industry

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LAHORE: Punjab Finance Minister Makhdoom Hashim Javan Bakht has assured the Textile Mills Association that the problem of gas shortage would be taken up with the federal government and the issue would be brought to a logical conclusion soon. He expressed these views while talking to a delegation of the association at his camp office, … Read more

Marriyum Aurangzeb lambastes PTI govt for energy crisis across country

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Marriyum

LAHORE: PML-N spokesperson Marriyum Aurangzeb lashed out at the government on Thursday for the deepening energy crisis in the country. The PML-N leader, in a tweet, stated that under the leadership of Nawaz Sharif, the government had managed to eradicate the energy crisis while the incumbent government has only made false claims to the masses. … Read more

Gas Crisis Intensifies: Gas Supply To Industries, CNG Stations Suspended

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Gas Crisis Intensifies: Gas Supply To Industries, CNG Stations Suspended

Two state-owned companies have announced a complete shutdown of gas supplies to industries and CNG stations by July 5 due to reduced gas availability, low pressure in the system and dry docking of the LNG terminal. According to the report, CNG stations across Sindh were scheduled to reopen on June 28 which were closed on … Read more

OGRA Increases Gas Prices By Almost Rs40 For Sindh, Balochistan Consumers

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Gas prices

On Thursday, the Oil and Gas Regulatory Authority (OGRA) has hiked up gas prices by almost Rs40 per MMBtu for Sindh, Balochistan consumers.

According to the details, OGRA in its decision today has agreed upon the SSGC request to hike in utility prices. The new revised price is Rs778.59 per MMBtu.

Rs39.89, in the total tariff, has been increased by OGRA that will be applicable after the government issues the notification to this effect.

It is pertinent to mention here that once the decision on gas price hike is approved, which is expected tomorrow, the same will be applicable to the consumers of Punjab and Khyber Pakhtunkhwa provinces.

Earlier on 20th January, the Sui Southern Gas Company (SSGC) had announced a reduction in the supply of gas from its Naimat basal field.

The reduction had increased the misery of Karachi residents who are already facing sporadic outages and low gas pressure since winter started.

SSGC said supply in their system has observed a reduction. “There is a technical fault at the Naimat Basal Gas Field,” the company said in a statement.

Karachi would witness a shortfall of 100 million cubic feet per day (mmcfd) because of the fault.

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CNG stations to remain closed for three more days across Sindh

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CNG station

The Sui Southern Gas Company (SSGC) on Tuesday has announced the closure of all CNG stations across Sindh for three more days from tomorrow (Wednesday) at 7 am.

The CNG as well as all the RLNG stations across Sindh will remain closed for 72 hours.

According to the details, the gas stations will reopen on Saturday, according to developments now, unless the unavailability of gas prolongs as seen in the past week.

Earlier on Jan 24th, the SSGC had announced that all the compressed natural gas (CNG) stations in Sindh would remain close three days from Monday (January 25).

According to a notification issued by the Sui Southern Gas Company (SSGC), the gas filling stations would remain shut for 72 hours from 8 am Monday till 8 am on Thursday (January 28) across the province.

A spokesperson of Sui Southern Gas Company (SSGC) had said that the CNG stations would remain open for 24 hours from 8:00 am on Sunday till 8:00 am on Monday.

Earlier on January 23, the government had announced to reopen the CNG stations in Punjab and Potohar region from Sunday.

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CNG stations to remain closed till Saturday Morning

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Gas Supply To CNG Stations In Sindh Suspended For A Week

Compressed Natural Gas (CNG) stations across the Sindh province will remain closed for 24 hours. According to the details, all stations will be closed from 8 am Friday till 8 am Saturday. It is the third time that the gas stations were closed this week. Sui Gas officials said that the stations running on RLNG … Read more

Gas Crisis to make it difficult in braving cold temperatures during winter

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Gas Crisis

The gas crisis may make life strenuous for Pakistanis especially those who find it more difficult to brave cold temperatures during the winter season as Sui Southern Gas Company has warned of gas shortage up ahead. Commercial and residential users of gas usually get severely affected by the shortage during winters every year as it … Read more

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