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do have peep,folks, at the Business Section today .Mcadders' persistent views about continuing strong demand for Gas worldwide are confirmed by none other than good old B.P.....Demand is up 2% and growing due to increasing demand from developing nations .....it only confirms the need for this project as we play in a global market place every day and the daily cost of keeping us going and the homes heated in winter is immense !!
Green Gas Initiative Green Gas Initiative @Green_Gas_Ini · 1h Preliminary results from a #Frontier study on the regional value of #gassystem was revealed at GGI CEO meeting today. Results indicates that the gas system can support #securityofsupply with a great potential for storage and cost efficient transport of energy #greengas #EUgreen
Costain have agreed to do £1m worth of labour on the FEED. I am unclear whether this is being done free gratis with agreement they will get a large chunk of the final construction or if it's in the form of a loan. As I understand it.
Did I read in a previous post that a contractor (s) had stumped up cash in relation to progressing Islandmagee? If so, is there any evidence of this or is it pure speculation?
Brew - I agree and I believe there will be plenty of interest for Infa - as per recent RNS - "The Board intends to conduct a final appraisal of all the available funding solutions and commercial partners before finalising its decision on which option to proceed with." .................................... Certainly sounds as though there are several avenues open to them to take this forward allowing the bod to proceed with the option that is most favourable for the company. By the time some investor's start to realise project Infa is happening the SP will be many multiples of what it is now......not much time left to get in at these prices
Unique opportunity for a gas storage project in a unique location....................................................... Reasons for location of the Northern Irish storage project The proposed site is proximate to the sea and the presence of infrastructure in the form of the Ballylumford Power Station and the main gas network, which proves advantageous to the project. Seismic studies carried out in the area confirmed the presence of a thick Permian salt layer at a depth of 1,500m. The Permian-aged salt found in the Larne area contains low impurities and is ideally suited for development of the facility. Facilities included in the development The project includes the development of seven caverns with a total capacity of 500m m³ located 1,400m below the Larne Lough. Each cavern will have a capacity of 70m m³ and will be independently controlled through a sub-surface safety valve. The caverns will be prepared for storage by solution mining. The process involves pumping of sea water to dissolve the salt present in the caverns and extracting the brine solution back to the surface. Above ground facilities of the project include a gas plant, a leaching plant, a wellpad and a sea water intake plant. The gas facility will include a compression plant, dehydration plant and metering equipment. It will be located adjacent to Ballylumford Power Station providing easy access to the main gas network. The wellpad will be a 110x45m flat pad containing wellheads. The seven caverns will each include a wellhead in cellars below the ground level. The wellpad will be connected to the gas plant and leaching plant through subsurface pipelines.
Gas developing companies like Ineos and large institutions are constantly looking for avenue's for investment. Hence the reason Ineos bought the Forties pipeline from BP last year. Monies in the bank is no longer a good investment so they need to find projects to make their monies work for them. Deep and Costain will be working hand in hand with INFA to bring on board such companies and institutions. Goverment departments that are awarded sums of money for development have a duty to spend it wisely and spend it they must if their deparments are considered to be efficient. No easy task when dealing whith huge amounts of money. The NI goverment have recently been awarded a huge amount of funding for infrastructure development and aim to eventually make gas available to the whole of NI. The British goverment is willing to guarantee two thirds funding of the construction. The two main reasons for the SP being so low in my opinion is historically INFA have failed to deliver and investors aren't convinced INFA can find the investors to make construction a reality. INFA is now delivering and investors are starting to believe that funding for construction is on it's way. GLA. Fair winds
Salt cavern storage is appraised for both on and offshore Northern Ireland, with the Larne area showing the greatest potential. Hereabouts, salt of the same thicknesses and over the same depth ranges as those in which gas storage caverns are either planned or currently operational, onshore England is present in the form of the upper two (Larne and Carnduff) halite beds at least. Triassic - Salt caverns Salt beds are proven only in South Co. Antrim but they thicken and deepen towards Larne. Gross thickness >470m. Energy storage potential --- Medium - High ............... Permian - Salt caverns Proven only at depth in Larne area but forms single bed of pure salt >110m thick. Energy storage potential --- Medium - High
Drone footage shows a well maintained site with peripherals sprayed off and good to go. Small touches but a precursor to 'construction'. Seen these signs before and many, many times. All the pointers and clueses are there for all to see. Very exciting times to come with INFA.
I agree Mcadder Surely Costain and DEEP will have their eyes on the main prize!!
We have 2 big names on board who are by their own right's experts in this field. It most certainly is no coincidence that they were not only approached but that they also got involved with Infa....reason? One word.....CONSTRUCTION!
Research is being conducted on many fronts in the gas storage field to help identify new improved and more economical ways to store gas[11][12]. Research being conducted by the US Department of Energy is showing that salt formations can be chilled allowing for more gas to be stored.[2] This will reduce the size of the formation needed to be treated, and have salt extracted from it. This will lead to cheaper development costs for salt formation storage facility type.............an interesting option that could not only store more gas but make development costs cheaper?
Somehow I missed the fact that DEEP.KBB our sub surface partners are owned by Schlumberger https://deep-kbb.de/Company/History
Atkins, a member of SNC-Lavalin are delighted to be shortlisted for the Engineering Firm of the Year at the Irish Construction Industry Awards 2018. Well done to all the team for getting this far! The Irish Construction Industry Awards has established itself as the premier event in Ireland for benchmarking excellence in the construction industry in Ireland. The Irish Construction Industry Awards has recognised on a national scale some of Ireland’s leading construction projects and the teams behind them. The Irish Construction Industry Awards 2018 will take place on Thursday, June 14th at the Citywest Hotel, Dublin. The awards ceremony is attended annually by the top companies within Ireland’s construction industry.
I'm quite happy for this sp to stay where it is so that I can top up as and when funds allow
There is no downside in the forseeable future at the moment IMO. The fact that we have Costain, Deep.KBB and Evan Passaris all on board and pulling together with Graeme, Matt, Adrian and Karen, means there will be ongoing discussions with numerous lenders and developers across a broad and diverse range of companies expert in the field of gas storage development. This project will have without doubt moved onto a higher plateu with all parties signing non disclosure agreements and deeply aware of their responsibilities and reputations. It's also likely with SI Capital involved there could be additions to the BOD and directors buying when they are free to do so.. There's a general consesus that positive news flow is imminent and that the FEED is progressing very well. Infrastrata PLC is in a very good place at the moment. IMHO. Fair winds.
Utilitywise Insights @UTWinsights · 30m The #gas demand reduction from the Interconnector shutdown and high #wind generation has been cancelled out by very strong demand for injections from Medium Range #storage. Current injections of more than 40mcm is leaving the system short. ................................... Strong demand for injections because storage levels have been dangerously low again dropping below 4,000 Gwh the other day. Serious amount of injections required to get levels of Medium range storage back up to around 14,000 Gwh by the start of this winter.
All looking good here....the next imminent update could be big....I would imagine there is just too much interest from potential lenders and developers behind the scenes for this to now fail at such a crucial stage with the FEED well and truly underway. Plus the fact there is clearly a need for Infa to happen. You can't just remove 3bcm of available gas storage from the table and have nothing to put in the place of Rough's closure!
Re rate long overdue. don't usually pay much attention to these types of charts but this one IMHO has it spot on. Good find Spud.
Good historical update mcadder for potential new investors researching this share.
(Cont'd) .....Key conclusions • "properties of the salt determined from the core data are in line with data for Permian Salt at other locations across Northern Europe where caverns for gas storage have been constructed" ........................... • " objective to confirm the feasibility of the development of an underground gas storage facility in salt caverns in this location has been met. The thickness and depth of the salt at Islandmagee and the proximity of key services (electricity supply, water and the gas network) give the project a significant unit capital cost advantage."
Connecting Europe Facility - ENERGY Islandmagee Gas Storage Facility – Drilling borehole to obtain salt sample and subsequent testing, analysis and design development 5.1.3-0035-UKUK-S-M-14 Part of Project of Common Interest no 5.1.3 EXECUTIVE SUMMARY The objective of the Action was to prove the feasibility of underground salt cavern development at Islandmagee Northern Ireland. The Grant Agreement was signed with CEF Energy in April 2015 with all activities planned under the Action completed by the end of November 2015. The programme of work commenced with the drilling of a data gathering well to 1,753 metres in May and June 2015 to obtain wireline data and core samples of the Permian salt in which the caverns will be formed. The thickness and depth of the Permian Salt were both within 10% of pre-drill estimates. The Permian Salt average thickness over the area of the proposed caverns is approximately 200 metres at a depth of approximately 1,300 metres sub-sea. The rock mechanical properties of the salt determined from the core data are in line with data for Permian Salt at other locations across Northern Europe where caverns for gas storage have been constructed and are in operation. Subsequent to the well during July to November 2015, core samples were sent to Germany to undertake laboratory analyses and the test results on the salt cores and rock mechanics were incorporated into the subsurface and surface facility preliminary design. The capital and operating cost estimates for the project have been updated to within +/-20% tolerance. The objective to confirm the feasibility of the development of an underground gas storage facility in salt caverns in this location has been met. The thickness and depth of the salt at Islandmagee and the proximity of key services (electricity supply, water and the gas network) give the project a significant unit capital cost advantage. The feasibility phase of the project has now addressed all key technical risks. The next stage will be Front End Engineering and Design (FEED) and then full construction of the facility. This executive summary has been produced by the beneficiary(ies) of the Action co-financed under CEF. ......................................................................... Thought it worth reminding those who maybe wondering about the potential suitability of the geology below ground where Infa is to be developed.................................................................. Key conclusions • "properties of the salt determined from the core data are in line with data for Permian Salt at other locations across Northern Europe where caverns for gas storage have been constructed" ........................... • "objective to confirm the feasibility of the development of an underground gas storage facility in salt caverns in this location has been met. The thickness and depth of the salt at Islandmagee and the proxi
http://www.irishnews.com/news/2018/06/13/news/greenhouse-gas-emissions-have-been-falling-since-1990-in-northern-ireland-1354266 ................. The biggest decreases seen were in the energy supply, residential and waste sectors. Improvements in energy efficiency and changing from coal to natural gas have helped to cut the amount of greenhouse gases released.
JUNE 13, 2018 / 5:08 AM / UPDATED 23 MINUTES AGO Graphic - Asian coal and gas markets roar into top gear as region revs up demand Henning Gloystein SINGAPORE (Reuters) - Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as seasonal needs rise with the start of summer.
Some decent short term targets! https://uk.tradingview.com/chart/INFA/MfTBj7FW-INFA-DAILY/