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Hi Tony, both projects are on 3rd PCI List, we'll see if they stay on for the 4th, energy needs & circumstances have changed greatly since 2013.
Problem with the gas serving Ireland... Any gas in NI storage would come from the UK, & to get to Ireland from NI would have to go back across to UK, (if SNIP reversed) then back across to Ireland through the Moffat IC1 / IC2 interconnectors so it is a pretty pointless exercise, may as well have gone straight to Ireland from UK... and as it's got the IC1 & IC2 connectors, gas security in Ireland is fine...
re Gov support, projects put themselves forward for the PCI List, with the agreement of the member state, because they may qualify for large financial grants. What Gov wouldn't look for EU money, doesn't confirm a need...
The benefits of the storage are to extend to the Republic too, not just NI. It has the support of their Govt; thats why the PCI status from the Innovation and Networks Executive Agency of the European Union have given grants to date. Another view to consider. Many old infa RNS' allude to this, as does website today.
Hi whatamess, my main enviro concerns atm are saturated brine discharge, & end of life. I've been researching salt caverns since 2015. Gas is cleaner than coal, but still a fossil fuel so not a fan of building new gas infrastructure, esp if surplus to requirements. Don't think your average person from NI will like funding gas (infrastructure) for all UK if it is indeed intended to be funded by consumer, esp if gas profits appear to be going to a private business (to you as a shareholder perhaps) so doubt I'll be alone in being a bit miffed, esp as the evidence suggests it's not needed...
Here's the link to Claire Perrys letter from Feb this year, following on from BEIS (Business, Energy and Industrial Strategy Committee) Gas Storage Inquiry at Westminster in Oct '18
Have a nice evening :)
Hi lesadee, it’s fair enough that you don’t wish to fund this project.
Re: environmental risks; gas storage in salt caverns is a proven way of storing gas ( other projects in Europe prove this as an example) and is safe. We are talking about a hole in the ground quite literally, no deviation of rivers or building of dams or whatever. Gas is also one of the cleanest forms of energy out there. And as a NI person I don’t think you would be funding the gas for the mainland alone but rather the UK as a whole which again seems fair to me. Also please send me the link of perry’s Statement, thanks
Hi whatamess, firstly I live in NI & wouldn't wish to help fund this project, as there are environmental risks & a need for this gas storage has not been proven. We have 3 gas interconnectors & the N-1 equation for UK is 120%, & including Ireland is 137%, so we're way above what is required in the event of the single most important gas infrastructure failing in a "once in 50year" weather event. The Min of State for Energy for UK Claire Perry also recently stated that gas storage could cause an increase in gas prices, so can't be justified on "cheaper gas for all" grounds.
It would also seem a bit cheeky for the NI consumer to be possibly funding any gas for mainland UK market, as 7 caverns would way exceed any gas needs for NI/Ireland. This takes the project beyond private enterprise & into the public domain, so questions need answered by Mutual Energy as to who will pay the initial €60M & €1-2M annual costs.
Hi Dawski, I'm not sure the offtaker would be paying for this, as the SNIP isn't infa's asset, & the Mutual Energy rep at Regional Gas Meeting in Brussels said "the question will always be who is going to pay for this, & I don't have the answer, that is going to be a question for the regulator..." The infa rep made a presentation after Mutual, discussed FID but at no point mentioned any funding coming from infa for reverse flow on the SNIP. That's where concerns come in, that costs for gas to mainland UK could be passed on to the NI consumer, otherwise why mention the regulator?
I do recall that the cost of dualling SNIP has been fully allowed for in discussions with the proposed Offtakers and others so that element should not be an issue.I remain very positive about this necessary project for the Island of Ireland and regard June as a pivotal month indeed.There are still some known unknowns still and the BOD are working hard to resolve these.
Hi Dan, yip I am, using my own name, not trying to mislead anyone :-)
Also not here to be contentious, will only post facts, some informed opinion, and any links to support info. Thanks for the polite welcome, appreciated.
;-) lol... Absolutely, of course they can... but it's still agreements with caveats, not a given, so can all go pear shaped very quickly, so still a risky investment.
SNIP reverse flow is def an issue since the uncertainty of how it could be funded was actually raised by Mutual Energy themselves in Brussels... €60M a lot of extra cash to raise, plus €1M-€2M p/a running costs...
Off take agreements can be signed without the marine licence in place - it will obviously be a caveat of “subject to obtaining”. Happens all the time and deals and agreements are signed all the time with “subject to FID” or “subject to contract” etc etc or as you like to keep going on about it “subject to SNIP reverse flow” ;-)
Won't be June or July imo, updated enviro docs needed for marine license not even released for public consultation yet, maybe not even with DAERA, then at least 6 weeks for submissions, then more qs & consultations. Nothing happening anytime soon imo
Well we didn't quite make it today after an early afternoon flurry ..shows what can happen though ...when the news finally comes --looking forward to a "hot" weekend ...and an even hotter BLUE Sky Monday to start the first week of June .Hoping that all your patience will be rewarded ..it's about time now !!