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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:
“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 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?
In what way Spud, what could have changed..? Gas will still come to U.K. from Norway (68% Q3, usually 88% but had pre arranged maintenance) LNG & biomethane, & will still supply island of Ireland via 3 interconnectors... island of Ireland maybe looking for more energy independence with Celtic Interconnector ... Agree “market will decide” but not sure a need has been shown so far ..
Hi whatamess, yes I do, & there’s some interesting info in this document regarding falling gas prices ...
“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. “
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 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) ...
Guys, lots of posts (was on airport run) so I’m going to reply to crl ... I posted today to answer a query regarding my knowing JR, which I don’t, not to be drawn in to further debate, but unfortunately my posts appear to be catnip to those more on the PR side of the company.
I am mindful that there are many SHs who invested in infa in good faith & are in a loss making position, so now, so close to Christmas, is not the time for further input from me.
Go well all for the holiday season
Oh droderick, you’re quite a new ramper on this chat board, I’ve been chatting with SHs for months, here & on twitter posting facts & links. More read my posts & trust what I say than you may like to believe. I’m also not here to be “questioned” any more than you are, but to share & discuss & back up with evidence, as others do, so it’s not possible for me to “refuse” your questions lol. Who do you think you are? I’m sure you’ll have LOADS to say in response, but I gather there’s a filter button. Go well ;-)
Guys why not address the links I’ve posted & qs on Stublach? It is pertinent info I’d have thought?
Everyone has to wait for the enviro reports to come in ... any comment now would be on 10year old info, which wouldn’t be appropriate... You could look at the gas storage issue in the EU & comment on that as it’s all I’ve posted here today (apart from the toxicity of brine that you already know about..). A lot of what is discussed here is opinions, I thought that was how chat boards worked?
Yes there are residents who are angry at the company, & may express that in a more antagonistic way than I would, just like there are accounts that very abusive that you team up with on twitter Spud, but I think treat people as they treat you. I chat to other SHs who have liked antagonistic tweets, but they are fine with me, so it’s grand. That’s life.
You really are starting to sound concerned droderick... glad Spud is back, Stublach being oversubscribed was his big sell for infa, so he may be able to enlighten you...
Re the public consultation I’ll be responding with all other stakeholders & concerned residents at the appropriate time. Until the evidence is released it isn’t possible to comment ...
It isn’t salty water, it’s toxic hypersaline brine, that will create a kill zone (admitted by the company) & in a designated SAC, newly designated for the protection of harbour porpoise, highly protected area & species. The hypersaline brine sends sea creatures into toxic shock. I’m also not sure you can assume at the moment that environmental gov depts are not as concerned as residents, there is no current evidence for that, we will have to wait & see on that front. Until the full suite of documents are released for consultation I can’t really comment any further, we’re all playing the waiting game..
Regarding Vitol, I have read that gas storage in EU is full of cheap gas, yet producers aren’t slowing production, so could be a fear of having to slow/stop production if no storage? I may be completely off the mark here, but see link to Reuters & Bloomberg articles:
I understand that Stublach was over subscribed in GB, but does anyone have figures on turnover..? Just my thoughts, all the above is IMO & always DYOR ...
Hi again Droderick, do I really concern you so much to be this aggressive? With regards to being adults & hand holding, I’m sure posters on this board are also able to make up their own minds on what I post. I post evidence & links & I’m pretty sure people here are wise enough to make up their own minds. Go well :-)
Some info re the 3 marine licenses, once new environmental docs submitted are assessed & if deemed up to standard, DAERA have to produce further reports based on the info submitted, eg developer submits sHRA for NIEA to then produce full HRA based on info supplied etc, so more work to be done I believe...
Morning, looks like a busy start to Sunday on this board :-)
Hi Droderick, very glad you attended meetings, have encouraged SHs to attend. Very surprised you haven’t shared info with others on this board after the meetings though..?
I have been asked by residents from North Islandmagee to support their objection & to wait to speak with them at meetings. They have also expressed feeling uncomfortable by the company having security guards present.
Re jobs, the company original EIA stated “jobs opportunities post build are relatively small scale” - screen shot of document from EIA here:
Not sure what changed or where evidence is of “at least 60” jobs...?
EU status could change things, but builds over 80 workers have/had to go to tender to EU for work force (which can provide a cheaper workforce, so not sure what build wage bill the company have factored in).
If you knew me or my work you would know I state facts on twitter (some SHs follow me) which could be why there appears to be so much concern when I post here. I also don’t engage in any “vitriolic bile” & I don’t use fb. There is aggressive behaviour from some SH & infa supporting accounts but I don’t lump people together, I view people as individuals & in how they treat me personally. A good lesson I think.
Hi Speedy, I use exactly the same name here as I do on Twitter so you & most others know exactly who I am, one of my first posts here was to respond to a welcome as a resident from one of your fellow posters, so I’ve never hidden who I am or my views on this project. When you DYOR I maybe I wrongly assumed you look at both the positives & potential negatives of a project before investing (& of course you should take financial advice from Money Saving Expert, who wouldn’t)....I posted last night because Snowman was nearly correct on process, but not quite, so I added some factual info that you should all be aware of...
Go well Speedy (& thanks Dawski)