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Hi All - There have been some great posts & there is clearly some frustration but at present the SP is holding & maybe will get some news this week but I fear the SS INFA is currently lost at sea hopefully to return soon.I am currently showing as HOLD until we get further news.
https://twitter.com/myGridGB/status/1135994209490653184?s=19
"Mutual Energy (as operator) has agreed to fully evaluate expediting these works after the Final Investment Decision (FID) has been taken on Phase 1. The reversal of the South-North Pipeline into the Republic of Ireland is also being considered by the operator which will facilitate additional export capacity."
i've got page 5 but p.3 on the doc https://www.infrastrataplc.com/wp-content/uploads/2019/01/InfraStrata-Plc-AR-2018.pdf
I assume Mutual Energy and customers will do quite nicely returning gas back to the mainland.
Good one,Nobby, about the relative small temporary damage to Marine Life in relation to sea bottom scraping trawlers -everything must be taken in perspective --I have checked with Allenby Capital today and my assessment and recollection about Pipeline Structure and flows are confirmed .so no fake news from me,ramper that I usually am ! This project is 110% needed and by the time construction is complete even more so.
What I think is worth keeping in mind is that the environmental impact from brine discharge would only play a part during construction. It's not like a factory that pumps chemicals into nearby river as a part of it's continuing operations. Once construction is over, so is the brine discharge and any marine life impacted will have a chance to recover.I'm happy to see that you guys caught some break after that disastrous begginning of May.
FID required before SNIP decision
Do you know that a single trawler in a single day can create a deadzone many times greater than the impact of brine discharge from this project.
Folks need to get some perspective on this aspect of the project; scientific and social. The impact is extremely low.
Hi GT430, sorry all to jump in again, but you are correct, please refer to previous posts, including Mutual saying, quite literally, that they don't have an answer as to who's going to fund reverse flow SNIP as they're a mutualised company, so made more contentious that it could be NI consumer asked to help fund it...
Hi all
A very long time 'lurker' and happy disclose an Infa shareholder - I never usually post on these types of forums but I have a specific question which I can not find a true answer to and was raised by the discussion over the weekend.
No agenda and I will be holding my shares to either glory or bust so would appreciate genuine answers if anyone has them:
If Infa develop the 7 caverns then based on the discussion at the weekend the gas will be trapped - e.g. it can't flow into RoI and the SNIP pipeline can't transport it back into the UK. The demand in NI is not great enough to digest all the gas. In this case an offtaker will be able to inject gas into the caverns but effectively not transport it back to any other market than NI. Is this actually true??
If so, it is by no means any kind of fatal flaw but I can imagine any offtaker will need some comfort/guarantee that the SNIP pipeline will actually be able to transport the gas back to the UK before any final FID, funding etc. Is this what is delaying the announcements, FID, etc??
Lots of mixed information out there but I am totally wrong here?
Is it recent whatamess, or from when the project got planning permission, when circumstances would have been very different (eg pre twinning of the Moffat)? If within the last few months I'd be interested reading it...
I am sure there are plenty of natural dangers on the sea bed that the creatures move away from on a daily basis, given 100m of the sea bed to be effected for a relatively short time period and the total size of the sea bed I cant really see the issue. Sometimes people really need to understand that good business is needed to keep the countries cogs turning. I think the world is going crazy, too many people are quick to say you cant do something but never offer solutions.
Hi Radders, excellent & fair question... I understand why you believe it is binary, it can also still be an opinion on what is an acceptable level of harm, which will differ between people & scientists. Infa have already confirmed a 100m dead zone, (if a creature cannot move away it will die, & the seabed will be massively impacted) which to many is already unacceptable harm before DAERA form an opinion, especially for a fossil fuel & there being no necessity for the gas. We are like you waiting for news in the form of the public consultation, so I will now have to wait & see what the up to date documents say before I can comment further. And yes whatamess, but please understand these are considered opinions, not knee jerk reactions... Go well :-)
Hi Leesadee, on the brine discharge, would you be satisfied if INFA met all the criteria required by DAERA and as such were issued a Marine Licence ? To me this isn’t spin it’s fairly binary, you are either compliant or you are not.
The delays while frustrating have been fairly well explained in the last two shareholder meetings
Well jw ,your timing terrible , nearly six months out, even for aim that's a big miss,
Considering you like to hammer us with news your quite.
The market hates uncertainty, your got it in droves.
The question is where are infa now ?.
You have 30 days to answer questions otherwise infa is going to crumble...
Over to you jw .
We want news .
Thanks Dawski, been interesting chatting with you guys :-) Hi jfk haven't looked into these industries yet, but I will. I know quite a bit about CAES, and with large building, noisy & mainly night time operation was a bit too close to homes on Islandmagee. Also an ageing grid here that wasn't built for multiple wind turbine connections (or wasn't in 2017, may have improved since I last looked at that area) so struggles to cope with renewables. Will need to look at what infrastructure is required for other storage & release, & again grid connections are an issue. For transparency, I will still have a problem with the generation of the caverns & associated saturated brine discharge, which will cause harm however it's spun. That's why storage for gas for which I have not been able to find a need causes concern. Can't comment on Stublach I'm afraid, they may have been oversubscribed.. I'm also not an expert, but always thoroughly research an area before forming an opinion...
Dont be silly! Leesa will oppose this project no matter what the bigger picture is. Dont mention UK government net zero target for 2050!
Perhaps the five times over subscription of demand for winter storage at Stublachis a myth.
Leesadee, thanks for your inputs so an objectively thinking local expert. I suspect you would also consider a business case for carbon capture or perhaps hydrogen storage at Islandmagee also could never be made.
Leesadee..all noted and taken on board ...great to have your dialogue over the weekend ..never known it to be so busy ..no one posts much on Sunday's and you sure have raised some useful relevant issues !
Hi Guys, lol Dawski! Yes an interesting read Tony & whatamess, thanks for this, the cynic in me may suggest as from the industry, may have a slight bias? Does highlight some unfair business rates for gas storage though, and various ongoing challenges, so may be worth looking into a bit more. Also, any extension to the project would require a new planning application, so that would be interesting.. . Re FSRU, JW told me during our meeting if it was ever an option, it would be far away from Islandmagee, more towards Scotland, so we will wait & see. He's let me down a bit recently on communicating with residents, & I've spoken to Arun regarding this, but I'll have to trust him on this point at the moment... And Dawski I'd be careful thinking no recent FID for gas storage is a positive, I understand your thinking but it may be because the money men are nervous of the challenges.. Thanks guys for the interesting discussions this weekend, here's to an interesting week :-)
A fantastic link,Tony, and JW and AR will like it very much as they visited the site of Storenergy recently and have a good relationship ..remember the shot of their smiling faces over the fence about a month ago .
WOW ..no FIDS re UK Gas Storage since 2008/9 ..since then we have lost Rough and another site is safety suspect ...I would love to know how many days safety net we have now ?
I respect that gas supply to Uk is currently plentiful with U.S. Shale coming in etc....but the world is ever changing ....we don't want the folk of Western Ireland to go without pending renewables being prolific now do we ?!!
Yes another letter, published by UK Parl. Energy Select Committee to balance Perry's own; this one from Storengy
https://www.parliament.uk/documents/commons-committees/business-energy-and-industrial-strategy/Correspondence/Storengy-Gas-Storage-17-19.pdf
Before any ambition in ROI, infa hub concentrates on caverns, then CHP plant, FSRU, and first pipe reversal thru SNIP (as per guidance from Allenby Report) Have a good week all.
Hi whatamess, I wouldn't disagree with you on the politics front! Regarding gas storage, the UK Gov reports appear to differ from the EU reports you mention, & it's always good to look at all available info before forming an opinion. Hope you enjoy the rest of your weekend :)
Lol whatamess, you're making a very current argument, yes does seem like a contradiction... All I'm saying is it's unlikely any government will say "we don't want it" to a private investment that may bring in €millions in EU grant money, but it doesn't signal actual active support. Plus UK Gov only in Feb did not state a need for gas storage, went so far as to suggest that more gas storage could push up prices for consumers...
Hi Snowman, gas stored in NI cannot reach Ireland unless it goes back to the UK first, please see my previous post to Tony. Gas to storage would come through SNIP to NI. To get to Ireland has to go back through reverse flow SNIP, back to UK, down through Moffat into Ireland so gas may as well have gone straight to Ireland through IC1 or IC2 in the first place...
Hi Dawski, yip Islandmagee resident :) Firstly reverse flow SNIP would be required for 7 caverns, there would not be market in NI for 7, & I'm guessing your profits rely on the gas being used, not just stored, & why would reverse SNIP even be being discussed if not needed for current plans? See my previous posts re EU & PCI List, twinning of the Moffat (another PCI) now ensures security of supply to NI / Ireland.(PCIs can be competing projects, both were on list for similar reason, but Moffat is now ready to go.) See also link in previous post to letter from Claire Perry Min of State for Energy re UK gas supply, where states in Feb '19: "Firstly, it is important to note that analysis undertaken by the Department and others over the last 10 years has delivered a consistent message: the UK's gas system is secure and well placed to respond effectively to unexpected changes in supply and demand, benefiting, as it does, from a mature and liquid gas market and an effective regulatory regime. Our system delivers gas prices that are amongst the lowest in Europe whilst maintaining international benchmarks for security of supply. We have also stress tested our resilience over the next twenty years, and we are confident that we will retain our current high levels of security now and in the future." So plenty of gas, & 3 independent interconnectors to bring it to NI / Ireland.. No issue with security of supply, see also my post re the N-1 calculation of 120% for UK, & 137% including Ireland. (Only needs to be 100% for security of supply). Sligo can keep buying gas cookers, it'll be grand ;-)