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    Prosecutors demand six-year prison sentence for Simon Ekpa

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    SEC alerts Nigerians of illegal operator Silverkuun Investment Cooperative Society/Silverkuun Limited

    SEC alerts Nigerians of illegal operator Silverkuun Investment Cooperative Society/Silverkuun Limited

    Legal Expert says only Rivers State can collect VAT as at today following Appeal Court’s order to “maintain status quo”

    Wike describes Seyi Makinde as chief architect of PDP problems

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Breaking: President Tinubu dissolves Boards of Parastatals, Agencies, Institutions

    President Bola Tinubu Approves New Heads of Federal Agencies & Commissions

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    UH Real Estate Investment Trust to distribute N5.05 per unit to unit holders

    Canceling Keystone XL pipeline cost thousands of jobs, billions of dollars – Biden Administration

    Breaking: President Joe Biden diagnosed with “aggressive” cancer

    Mexican Navy Ship crashes into New York Bridge

    Mexican Navy Ship crashes into New York Bridge

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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    CUTIX PLC reports N1.1 billion profit for the FY ended April 2025

    Honeywell Flour Mills Plc reports N14.6 billion profit for FY ended March 2025

    Honeywell Flour Mills Plc reports N14.6 billion profit for FY ended March 2025

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    Weekly Market Report: NGX market capitalization settles at N70.46 trillion

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Dangote Group announces major investment in rice production

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    Vacancy at Port Harcourt Refinery

    NNPC Ltd Announces Maintenance Shutdown of Port Harcourt Refinery

    Security features of the new naira notes revealed by the CBN

    The Frontier Fund unit holders to get N17 per unit distribution

    Banks begin to charge taxes on bonds, T-bills as exemption expires

    Skyway Aviation Handling Company Plc announces N0.6 final dividend for 2024 FY

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    Again DMO offers N360 billion FGN bond for February

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    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

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    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

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    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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France prepares for natural gas rationing amidst fears of Russian gas cut

Friday, 8 April 2022, 3:36 pm
in Business, Industry, News, World
0
France prepares for natural gas rationing amidst fears of Russian gas cut
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France is preparing itself for a possible rationing of natural gas in the country. The government outlined its plan in  decree no. 2022-495 of April 7, 2022.

The decree sighted by Investogist is relating to the shedding of natural gas consumption and amending the energy code in the country.

The decree was addressed to operators of natural gas transmission and distribution networks in France. It came into effect on April 8, 2022.

Also read; Ukraine-Russia War: Germany’s BASF will shutdown world’s largest chemical plant if…

Section one of the decree called for an annual survey of natural gas consumers connected to the natural gas network of respective operators. Those being surveyed are consumers that have a natural gas consumption greater than 5 gigawatt hours in the previous calendar year.

The consumers are expected to respond to the survey within two months of receiving it.

The survey seeks to obtain the following information in particular;

  1. The means of contact and contact details that the network operator can use to reach it at any time in order to send it load shedding orders pursuant to Articles L. 434-1 and L. 434-2;
  2. The type of activity carried out;
  3. In the case where the consumer provides a heating service, the nature of the premises heated and whether he is able to switch to fuels other than natural gas to provide this heating service;
  4. By justifying them, the economic consequences that it would suffer in the event of a reduction or cessation of its consumption of natural gas, as well as the level of natural gas supply below which these economic consequences are likely to be observed.

A consumer that does not respond to the survey within the allotted period is to be fined.

The survey is capturing the largest consumers of natural gas to assess which of them would have to suspend normal operations if deliveries of the fuel from Russia are cut.

French gas network operator GRTgaz will collect data from the nation’s largest consumers so that the government could decide which of them could be put on pause with the least economic damage.

GRTgaz has said that Russian gas accounts for 17% of the national mix. The network operator stressed that no disruptions have happened so far but that concerns remain, considering the hostilities in Ukraine and the heavy load of liquified natural gas terminals used for seaborne deliveries to Europe.

“I call on suppliers to fill underground storage as much as possible in order to approach next winter in the best possible conditions,” the network operator’s CEO Thierry Found said.

Rationing would be a “measure of last resort,” according to GRTgaz, which would only be used if all other attempts to balance the supply and demand for gas fail. According to the plan, large gas power plants and industrial sites, such as chemical and glass-making factories, would be the first to face restrictions, followed by shopping centers, stadiums and similar non-essential public spaces.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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