Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Looks like all reports infrastrata have submitted for PC show a short term low impact operation !
Add in the potential security of supply issue that Brexit may cause , I'm expecting lots of positive newsflow in the next 6 months or so
Well something made JW delay FID....
Hi Guys, still issues with any NI gas storage being landlocked ... reverse flow for SNIP is circa €60M + €1-2M annual running costs ... twinning is circa €250M so can’t see that being an option. As Premier Transmission is a mutualised company (has to operate SNIP in best interests of NI consumers), & both projects no longer considered PCIs (as viewed by EU commission methodology as overall benefits not outweighing costs, so no access to EU funding), reverse flow would require a Public Consultation for any funding that affects NI postalised gas tariff (eg will NI gas consumers want to pay for gas returning to GB that pushes up NI gas bills ..)
Also worth considering is the planned Celtic Interconnector for the island of Ireland, with €530M of EU funding to connect Ireland to France/EU to facilitate increased use of renewable energy on island of Ireland single integrated electricity market (iSEM), and that Eirgrid (Ireland grid) own SONI (NI grid) ...
Hi whatamess, in what way do you think I don’t understand?
At risk of repeating myself again Speedy, there are 3 gas interconnectors into island of Ireland, never been a supply issue, & UK supply appears quite secure from Norway + LNG imports & rise in biomethane ... Celtic Interconnector is energy infrastructure for the island of Ireland, already costed & funded ...
Hi whatamess, yes I do, & there’s some interesting info in this document regarding falling gas prices ...
https://www.thisismoney.co.uk/money/bills/article-7772787/Cheaper-bills-coming-Energy-wholesale-prices-lowest-decade.html
“One of the main reasons that gas prices have fallen so dramatically is due to the changes in supply, such as a larger volume of liquefied natural gas which is also coming from a greater variety of countries.
This has led to more gas being on the network than there is demand.
Other reasons include the fact that Europe's gas storage is currently well stocked thanks to plentiful LNG deliveries meaning that any withdrawals from the storage has been limited. “
Lol no whatamess, I think I understand a little bit, but nice if you can explain some more ... my thinking (maybe naively) is gas prices won’t go up until there is a need for the stored gas, so maybe if there is even more storage then there is less chance for prices to go up as gas appears to be quite plentiful, & seasonal spreads don’t really exist anymore... I know Stublach being oversubscribed has been used to justify need for more storage (though not in NI) but what is the turnover of the gas? I know infa will make their money from gas suppliers paying for the storage space, but how much is actually being sold from storage at present? Is this figure available anywhere?
Thanks whatamess, I think a simple “supply & demand” may also play a part ... it seems that it is possible, due to excess supply and decreased demand, some producers may be forced to extract less gas:
https://www.bloomberg.com/news/articles/2019-09-03/gas-prices-poised-to-fall-in-europe-as-producers-keep-taps-open
“In September, gas storage sites in northern Europe will be full, increasing the risk of a further downside in prices,” said Niek van Kouteren, a senior trader at PZEM, a Dutch energy company. “Under a certain price, producers would be forced to extract less gas. But at the same time, big suppliers such as Russia” are trying to increase market share.
Lol whatamess, don’t we all ... post some links for me to read if you like, I’d like to learn more ...