BR100 Increased By (0.14%)
BR30 Decreased By (-0.19%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.39 Increased By ▲ 0.11 (1.51%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.39 Decreased By ▼ -0.26 (-0.88%)
MLCF 94.20 Decreased By ▼ -2.16 (-2.24%)
NBP 203.40 Decreased By ▼ -0.13 (-0.06%)
NCPL 56.99 Increased By ▲ 0.14 (0.25%)
NPL 67.80 Increased By ▲ 0.49 (0.73%)
OGDC 316.38 Decreased By ▼ -1.84 (-0.58%)
PACE 10.63 No Change ▼ 0.00 (0%)
PAEL 43.16 Increased By ▲ 1.39 (3.33%)
PIBTL 16.74 Decreased By ▼ -0.07 (-0.42%)
PPL 220.11 Decreased By ▼ -0.06 (-0.03%)
PRL 49.18 Increased By ▲ 0.13 (0.27%)
PTC 70.35 Increased By ▲ 0.34 (0.49%)
SSGC 28.18 Decreased By ▼ -0.96 (-3.29%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.15 Increased By ▲ 0.98 (5.71%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.72 Increased By ▲ 0.13 (0.58%)
TRG 60.37 Increased By ▲ 0.15 (0.25%)
By

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 for this article.