Edison, Pakistan gas buyers face QatarEnergy supply halt until year-end
MILAN: Edison and some Pakistani clients of QatarEnergy will not receive liquefied natural gas (LNG) from the Gulf supplier until the end of this year, the Italian utility and a market source said on Tuesday. In a message on the platform of Italy’s energy markets manager GME, Edison said QatarEnergy had extended force majeure on LNG deliveries to end-December from a previous early-December…
Edison, a major Italian utility, and some of its Pakistani clients will cease receiving liquefied natural gas (LNG) from QatarEnergy starting from the end of this year, according to both the company and a market source. The suspension comes after QatarEnergy extended force majeure notices for LNG deliveries until the end of the year, up from an earlier deadline of early December.
The interruption affects three LNG cargoes intended for Edison, one of Qatar's largest customers in Europe. Pakistan's energy situation is also being discussed, with talks involving long-term energy supply contracts. QatarEnergy ceased LNG deliveries to Edison starting in April due to disruptions caused by the Iran war, which began in late February.
The Italian utility holds a long-term contract with QatarEnergy for the supply of 6.4 billion cubic meters of natural gas per year to Italy, making up about 10% of the country's annual consumption. The contract, in place since 2009 and lasting 25 years, has seen a lack of supply from Qatar, low gas storage in Europe, and cooler weather pushing the benchmark Dutch price for gas above €95 per megawatt hour, nearing its highest levels since December 2022.
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