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At this moment (ie tonight) there is zero flow from storage into NTS.
All it takes is a pipeline to go down or a beast from the east and this changes in a heart beat
Isn’t that where the N-1 calculation steps in Spud (that is when the single most important piece of gas infrastructure is affected during a one in 20 year weather event) & 100% supply must still continue .. where the U.K. is at 120%, 20% above threshold ..
Not sure Speedy, but there was never an outage, so phew we were ok :-)
Speedy, I don’t agree with a gas storage project that I still can see no need for ... you think there is a need & invested accordingly, we are both entitled to our opinions. Great to see ships at H&W, really hope they are successful with the FSS contract with Navantia.
Been interesting as always, go well all tonight ...
Dear Leesadee,
Given your vast knowledge of the UK, EU and global gas markets, can you please share with us what the impact on gas prices were during:
1. Fortis Pipeline System shutdown
2. Beast from the East
3. Kollsness outage
4. Baumgarten fire
5. Groningen shutdown
6. Russia Ukraine transit gas failure
Moving globally:
1. Overall slowing down of natgas production in the US
2. NOCs pulling out of Canada as the marginal price per MMBTU of gas made the project uneconomic
So from what you are saying, we don't need gas storage AT ALL, not even in mainland UK because we should live in the confidence that 70% of our winter gas is imported and by your logic, nothing adverse happens to either commercial contracts or ageing infrastructure.
Finally, we need to wait for a massive outage only then gas storage can be deemed of any use in your eyes.
You are either totally naive or completely deluded or both.
Dear Droderick,
I wondered when I would tempt you out on a Sunday night :-)
Not naive or deluded tbh, just agreeing with the EU commission who came to conclusion that the gas storage project & reverse flow SNIP were projects that did not prove that overall benefits outweighed costs. They did however keep 10 UK electricity projects on the 4th PCI list, so nothing to do with Brexit ... glass of wine beckons, so chat soon chaps ...
1. Not sure how you got a £60MM Capex for SNIP reversal
2. To generate power, your feedstock is natgas and baseload power will continue to be generated by natgas.
You might have all the electricity inter-connectors in the world, but if the sparks are not generated, that infrastructure is useless.
Ditto for LNG regard terminals.
So again, you can quote whatever you wish to, but your knowledge of how commodity markets work is very poor. But full marks for spewing BS.
By the way, you didn't respond to the questions that I raised in my first post - I reckon that is because you don't even know where these crucial bits of infrastructure are across Europe.
You have chosen to remain silent on your opinion about gas storage in mainland UK. Again, you know you will get caught out for not only your lack of knowledge surrounding gas market fundamentals but also for being disingenuous.
I continue to maintain about your posts - FAKE NEWS
Evidence of €60M capex for reverse flow SNIP:
https://twitter.com/leesadee_imagee/status/1202354940955570179?s=21
Sorry for poor quality image, taken from a slide at Regional Gas Meeting in Brussels, but still clear to see capex & estimated op ex costs of €1-2M p/a ...
How do you care what the capex cost is leesadee? That’s us shareholders’ problem, not yours. Whether there is PCI status or not, EU funding or not, it’s not your problem. Have you really absolutely nothing better to do with your time than to spend hours and hours digging up spurious information with the sole aim of downing INFA and creating nonsensical trouble?
Agreed Speedy. Also Leesadee, it’s most devious of you to keep saying ‘great to see ships at H&W’ and announce that you wish them well when it’s clear your agenda is anything but. You do realise that it’s thanks to INFA and their business plan that H&W is where it is today. You don’t wish INFA or H&W well, by offering lip service to one and then trashing the other you are fooling no one.