Edison, Pakistan gas buyers face QatarEnergy supply halt until year-end

QatarEnergy has extended its force majeure on liquefied natural gas deliveries to Edison and some Pakistani buyers through the end of December, Business Recorder reported on Tuesday, citing Edison and a market source. The Italian utility said three additional cargoes meant for it will be affected by the suspension.

A person familiar with the matter said Pakistani clients had also been told the notices would remain in place until year-end. QatarEnergy has stopped supplies to Edison since April, following disruptions linked to the Iran war, which began in late February.

Edison’s contract provides for 6.4 billion cubic metres of natural gas annually and has been in force since 2009 for a total term of 25 years. Separately, low European gas storage, reduced Qatari supply and cooler weather helped lift the Dutch benchmark above €95 per megawatt hour this week, near its highest level since December 2022.