Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Everything comes to he who waits .Anyone else getting the feeling the ML is about to be delivered.Timing impossible to get spot on but relative to the wait we have endured we are nearly ready for lift off.
I wouldn't ignite the main engines just, Nostradamus. lol
I refer you to my post of yesterday at 13:02. ;)
The ML was always a certainty .Ireland energy security is more important than any objectors.
It's was never a case of just the objectors, who always seemed a bit late to game. imo
Yes, the energy security maybe important, possibly. There are conflicting ideas on that now, as so much time has passed sorting this out. Things have moved on from when this project was first proposed.
As I see it, one of the main stumbling blocks to the whole thing was, and still is, the reversal of the SNIP.
Which, although sounds painful, was key to getting gas back to the mainland.
There was even talk of incorporating it into a bridge at one point.
It almost would have been almost better to have found another site on the mainland. Somewhere like, I dunno, Portland?
Even the one proposed by Gateway Storage off Barrow never got off the ground.
Nah, be glad they have H&W as an out and forget gas storage and the sunken cost fallacy that IM has become.
IMO
Energy security is a real serious concerns unless the people of Northern Ireland are planning on going back to candles.Gas will play a huge role in the transition to zero carbon if there is such a thing as zero carbon.Both the Irish and British government will have had discussions and for me the gas storage caverns will be hived off with any financial gain going towards the company's Engineering plans.We have all done some homework and I am reasonably confident the gas will come from AFriday.
Apologies meant gas coming from Africa.
Si_Derman In relation to your 13.01 post I think the question is how essential to the long term future of INFA is Islandmagee. This is something that there is a difference of opinion on this board. In the last week we have had news of potential tenders that INFA might participate in with a value of circa £1.8bn. Allowing for shares to other bid parties this might bring in revenues of circa £700m. In addition the the Scotwind auction of leases for wind farms by the Crown Estate Scotland together with the previous leases by the Crown Estate means that there is going to be a long term need for the fabricating of wind jackets for off shore wind farms. In relation to both Scotwind and the Crown Estate leases there are minimum local content requirements. It is to be noted that the refreshed National Shipbuilding Strategy is due later this summer which will tell us the sovereign vessel requirement for the next 30 years.
So there is a lot of work in the sectors being targetted that I am not sure that Islandmagee remains essential for the future of INFA especially as the fabricating work might actually bring in as much income as the caverns would have.
I don't beleive it is, TBH.
Unless Hydrogen is a greater factor in the decision. In that case, maybe.
Can the caverns be used for carbon capture from NG uses?
According Gas Networks Ireland there is already in place .
Two sub-sea interconnectors linking Ireland with Scotland - Interconnector 1 and Interconnector 2
An on-shore system in Scotland A spur-line (an extension of an existing pipeline) to the Isle of Man.
The North-West pipeline from Belfast to Derry in Northern Ireland.
The Mayo-Galway pipeline, to bring gas from the Corrib field into the national grid.
The South-North pipeline from Gormanston, Co. Meath, to Belfast to secure long-term gas supplies for Northern Ireland.
(That is one way, AFAIK)
All of this is not new news, but as time has crept on anything gas wise, including the FSRU, has been put on the back burner, pun intended. :)
It's only the recent contract with Saipem that piqued my interest enough to get back in. And then only very briefly, I must admit. Have gone back to waiting for a ML desicion before deciding what to do next.
Although, regardless of my own personal position, I would still like it to come good for all the LTH's that I've had the pleasure of conversing with over the years. For them I try and stay, mostly, reasonably positive.
Mention of weighted pipelines, potential tenders, might, may, could....
... are all what if's and don't do it for me. I did say try. :)
GLA, Si. :)