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tradingeconomics.com forecast:
UK Natural Gas is expected to trade at 727.77 GBp/Thm by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1068.31 in 12 months time.
Presently 409GBp
Ireland planning to ban oil and gas systems for heating so do they just plug heaters in now for heating?
Mail:
Liz Truss vows to give green light to oil and gas drilling licences if she is elected as next Tory leader
Wow. Gas highest now at 650-pence-a-therm
Mail
Energy bills 'could hit ยฃ6,552 in April': Latest eye-watering forecast lifts price cap to more than THREE times current ยฃ1,971-a-year limit - as EDF boss warns of 'catastrophic' crisis
Mail:
Now energy prices could rocket past ยฃ6,000 a year this Spring: Fears grow that soaring cost of electricity and gas could plunge millions of UK households into Christmas blackouts as experts warn of looming winter power crisis
UK Natural Gas is expected to trade at 449.63 GBp/Thm by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 659.17 in 12 months time
Can anyone guesstimate the initial SP here if the government gives fracking the green light.
Apparently as Truss on GBNews last night said she will agree to fracking, can anyone estimate what the SP ciuld reach initially upon this future confirmation
Does anyone know how far this Edinburgh well is from Deltics's acreage as this has just been released:
Oslo, 8 July 2022 โ DNO ASA, the Norwegian oil and gas operator, today reported that the Edinburgh exploration well (30/14a- 5) drilled in offshore UK license P255 is being plugged and abandoned having failed to encounter commercial quantities of hydrocarbons in the prospect. The well was drilled to a total depth of 16,500 feet and encountered two sandstones of Jurassic age but wireline logging indicated no movable hydrocarbons within the sandstones. DNO holds a 45 percent interest in the Edinburgh prospect. The well, operated by Shell U.K. Limited, was drilled through a joint well agreement covering four separate, contiguous licenses, of which two are in the UK (P255 and P2401) and two in Norway (PL018ES and PL969).
I think they will announce the favourable decision in October just after the next domestic gas hike to garnish public support
The decision will be debated by the new cabinet after their election and their recess from 25th July to 5th Sept.
So we could now have a decision towards the end of September because it's obviously a contentious issue.
However it's only some 11 weeks away.
UK natural gas futures declined to 280-pence-a-therm from a four-month high after Norwayโs oil and gas unions agreed to put a stop to the strike, calming nerves about a significant reduction in the Scandinavian country's gas output.