AGL 40.15 Increased By ▲ 0.15 (0.38%)
AIRLINK 130.30 Increased By ▲ 0.77 (0.59%)
BOP 6.80 Increased By ▲ 0.12 (1.8%)
CNERGY 4.60 Decreased By ▼ -0.03 (-0.65%)
DCL 9.00 Increased By ▲ 0.06 (0.67%)
DFML 43.25 Increased By ▲ 1.56 (3.74%)
DGKC 84.19 Increased By ▲ 0.42 (0.5%)
FCCL 33.04 Increased By ▲ 0.27 (0.82%)
FFBL 78.00 Increased By ▲ 2.53 (3.35%)
FFL 11.82 Increased By ▲ 0.35 (3.05%)
HUBC 110.80 Increased By ▲ 0.25 (0.23%)
HUMNL 14.56 No Change ▼ 0.00 (0%)
KEL 5.58 Increased By ▲ 0.19 (3.53%)
KOSM 8.20 Decreased By ▼ -0.20 (-2.38%)
MLCF 39.80 Increased By ▲ 0.01 (0.03%)
NBP 60.85 Increased By ▲ 0.56 (0.93%)
OGDC 199.50 Decreased By ▼ -0.16 (-0.08%)
PAEL 26.67 Increased By ▲ 0.02 (0.08%)
PIBTL 7.80 Increased By ▲ 0.14 (1.83%)
PPL 160.00 Increased By ▲ 2.08 (1.32%)
PRL 26.81 Increased By ▲ 0.08 (0.3%)
PTC 18.84 Increased By ▲ 0.38 (2.06%)
SEARL 83.15 Increased By ▲ 0.71 (0.86%)
TELE 8.18 Decreased By ▼ -0.13 (-1.56%)
TOMCL 34.45 Decreased By ▼ -0.06 (-0.17%)
TPLP 9.10 Increased By ▲ 0.04 (0.44%)
TREET 17.12 Decreased By ▼ -0.35 (-2%)
TRG 60.00 Decreased By ▼ -1.32 (-2.15%)
UNITY 27.65 Increased By ▲ 0.22 (0.8%)
WTL 1.43 Increased By ▲ 0.05 (3.62%)
BR100 10,515 Increased By 108.7 (1.04%)
BR30 31,947 Increased By 234 (0.74%)
KSE100 98,242 Increased By 913.5 (0.94%)
KSE30 30,542 Increased By 349.5 (1.16%)

ROME: Russia’s Gazprom has said it will only partially meet a request by Italy’s Eni for gas supplies on Monday, Italy’s state-owned energy exchange (GME) said, signalling a sixth consecutive daily shortfall.

Eni is monitoring the issue and will communicate any available update, GME added.

The Italian company said that over the weekend it had received similar supplies from Gazprom to deliveries in recent days, without elaborating. On Friday it only got half of the gas it had requested, while on Thursday it received 65% of the volumes requested and on Wednesday was sent 85% of what it wanted.

Gazprom did not immediately respond to an emailed request for comment on its supplies to Italy.

Kremlin spokesperson Dmitry Peskov said on Thursday that reductions in supply were not premeditated and were related to maintenance issues, but Italian Prime Minister Mario Draghi has dismissed this explanation as a “lie”.

Russian gas flows fell short of demand in a number of European countries last week, boosting benchmark prices on concerns that the continent may struggle to build up vital storage ahead of the winter.

Italy may declare a heightened “state of alert” on gas this coming week if Russia continues to curb its supplies, two government sources said on Friday.

The emergency technical committee for gas is due to convene on Tuesday to discuss the issue.

A state of alert would trigger a series of measures aimed at reducing consumption, including rationing the gas to selected industrial users under existing contracts, ramping up the production at coal power plants and also asking for more gas imports from other suppliers under existing contracts.

Italy’s existing gas emergency protocol envisages three stages going from a state of pre-alert, imposed at the end of February after the Russian invasion of Ukraine, before moving to one of alert and then to a state of emergency.

Comments

Comments are closed.