Gas News & Updates: What You Need to Know

Gas is a crucial part of our daily lives, powering our homes and industries. Recently, several gas-related news stories have emerged, impacting both consumers and businesses. This article will cover key updates concerning gas supplies, price changes, and infrastructure improvements.

British Gas RTS Meter Warning

British Gas is urging 12,000 customers to replace their outdated Radio Teleswitch Service (RTS) meters before the service shuts down on June 30, 2025. These meters rely on a radio signal from the BBC to adjust energy rates, and their failure could lead to significantly higher bills or supply disruptions.

• Problem: The RTS signal is being switched off.
• Impact: Meters may lock onto peak rates, causing huge bill increases.
• Solution: British Gas offers free smart meter replacements or alternative solutions.

This isn't just a British Gas issue; Ofgem estimates that 415,000 RTS meters across the UK need replacing. Other energy providers, such as Octopus Energy, E.ON Next, and EDF, are also contacting affected customers.

Gas Price Changes: Nigeria Sees Drop in Cooking Gas Costs

In Nigeria, the price of cooking gas has dropped significantly, falling below N1,100 per kilogram in some areas. This decrease is linked to a reduction in petrol prices.

• Reason: Lower petrol prices have reduced the cost of producing and transporting cooking gas.
• Impact: Consumers are saving money on their cooking gas bills.
• Note: Nigeria still imports a significant portion of its cooking gas.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirms this correlation, highlighting how the price of cooking gas often acts as an alternative fuel source when petrol is expensive.

Gas Infrastructure Updates and Repairs

Several infrastructure projects are underway. In Gloucester, Wales and West Utilities (WWU) is upgrading gas pipes, requiring an 11-day road closure on Upton Street starting May 27. This essential work aims to improve gas flow and prepare the network for hydrogen and biomethane.

• Project: Gas pipe upgrades in Gloucester.
• Impact: Temporary road closure and traffic disruption.
• Benefit: Safer, more efficient gas supply, supporting a green energy future.

Meanwhile, in Somers Point, New Jersey, a city board is addressing abandoned gas station sites that have become eyesores, hoping to repurpose them for community benefit.

Helium Exploration in the US

Mosman Oil & Gas is leading the charge in helium exploration in the US, capitalizing on the growing demand for this crucial element. Their five-well drilling program, starting in May, aims to capitalize on the newly opened US helium market. The success of these wells could significantly impact the company's share price.

• Opportunity: The US helium market is booming, with limited competition.
• Mosman's Strategy: Focus on shallow, low-cost wells for quick results.
• Potential: Significant share price growth if drilling is successful.

Gas Explosion in Yate, UK

A house explosion in Yate, UK, injured four people. Thankfully, the Wales and West Utilities confirmed that the incident was unrelated to the gas mains.

• Incident: House explosion in Yate, causing injuries and evacuations.
• Cause: Not related to gas mains, investigation underway.
• Response: Emergency services and local authorities provided immediate support.

Gas Shortage in Bangladesh

Bangladesh is experiencing a gas shortage, impacting commercial and industrial customers. The government has diverted gas supplies to power plants, leading to reduced supply for CNG filling stations and other businesses.

These various news items underscore the importance of gas in our lives and the ongoing challenges and changes within the energy sector. Stay informed about gas-related updates in your region for better preparedness and understanding.

Also Read: British Gas Smart Meter Deadline: Avoid a Costly Energy Shock!