Day: June 22, 2021

Hot weather and limited supplies helped drive European natural gas prices to a 12-year high late last week in a rally that continued Monday. The prompt Title Transfer Facility (TTF) contract closed Friday at $10.237/MMBtu and finished higher on Monday at a level not seen since 2008. European gas prices have been strong since the beginning of the year. Storage inventories were at 44% of capacity on Monday, about 23% below the five-year average and at their lowest level since 2018.  Strong natural gas demand in Asia, where prices are…

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There is a potential RLNG (or broader electricity) shortage threat looming for July. One of the two RLNG terminals needs dry docking (shutdown for detailed inspection and maintenance). The problem is that the company wants it to happen at the peak season, and this could create gas – in turn electricity – shortage, especially when two of the Sindh gas fields are closed at the same time. This is sending jitters in Islamabad. Engro Elengy Terminal Pakistan is the first LNG import facility in Pakistan. The Floating Storage and Regasification…

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The country is likely to see hike in electricity bills and the government may resort to load management from June to October as SNGPL allocation of RLNG to power sector for these months is up to 54 percent less than the generation requirements of NPCC/NTDC. Against the total requirement planned by National Power Construction Company (NCCP) and National Transmission and Despatch Company (NTDC) of 900 mmcfd for the month of June SNGPL has allocated 639 mmcfd which is 261 mmcfd less than the demand, official source told The Nation. For…

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The Oil and Gas Regulatory Authority (Ogra) will hold two public hearings against petition filed by the Sui Northern Gas Pipeline Limited (SNGPL) for estimated revenue requirement (ERR) to meet its expenditure in the financial year 2021-22 and the previous year shortfalls. The oil and gas regulator will hold the first public hearing in Lahore, on Tuesday (June 22), and in Peshawar on Thursday (June 24). The Ogra, through a notification, has already invited all interested/affected persons, including gas consumers and general public, to furnish their comments, objections, suggestions and…

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KARACHI: The Sui Southern Gas Company Limited (SSGCL) has stopped gas supply to CNG stations in Sindh for 176 hours starting from 12am (June 22) to 9am (June 29) owing to gas shortfall. The company had informed station owners that it was facing a shortfall of 160MMCFD due to annual turnaround of Kunnar Passahi field at Tando Allahyar, causing decline in gas availability resulting in depletion of line pack and low pressure in the system. The company said CNG supply the stations had been shut to meet the demand of…

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