Member Info for LSE03

Https://www.euractiv.com/section/energy-environment/news/berlin-to-bail-out-shipyard-key-to-offshore-wind-ambitions/

https://business.inquirer.net/476335/germany-pledges-to-save-troubled-shipyard-meyer-werft

https://www.bairdmaritime.com/passenger/cruise/germanys-chancellor-pledges-government-support-for-local-shipyard

German Chancellor visits shipyard yesterday and provides a short term financial lifeline.

Centrica push for Hydrogen storage

https://www.thesun.co.uk/money/30040892/centrica-boss-chris-oshea-green-energy-warning/

Centrica push for gas / hydrogen storage in Ireland

https://www.centrica.com/media-centre/news/2023/bord-gais-energy-joins-esb-and-dcarbonx-in-large-scale-energy-storage-project-offshore-in-cork/

Islandmagee could be a target for them.

Https://www.energylivenews.com/2024/07/24/uk-national-gas-network-ready-for-100-hydrogen/

Large scale hydrogen storage potential may be of interest to bidders for Islandmagee.

Great to see

UK Govt focus

Offshore Wind Ports Financing workshop - In Phillipines

https://www.gov.uk/government/news/bem-holds-

offshore-wind-ports-financing-workshop

Support for hydrogen storage - In Brazil

https://www.gov.uk/government/news/climate-top-of-agenda-in-energy-secretarys-first-visit-to-brazil

Investing in renewable energy IPO - In Phillipines

https://www.gov.uk/government/news/uks-mobilist-invests-in-renewable-energy-ipo-in-the-philippines

Https://www.express.co.uk/comment/expresscomment/1939267/shameful-starmers-promise-defence?int_source=amp_continue_reading&int_medium=amp&int_campaign=continue_reading_button#amp-readmore-target

Germany today

https://www.marinelink.com/blogs/blog/sources-say-that-germany-is-planning-to-take-a-majority-stake-in-101688

EU latest thinking

https://www.lloydslist.com/LL1150304/EU-shipbuilding-strategy-advancing-as-Europe-boosts-industrial-policies-to-counteract-Chinese-might?amp;utm_campaign=search_rss&utm_medium=RSS&utm_term=

Https://www.marinetraffic.com/en/ais/home/centerx:-4.191/centery:51.047/zoom:16

Https://www.forcesnews.com/services/navy/mod-announces-ps850m-new-contracts-defence-suppliers-supporting-royal-navys-readiness

Video - Framework delivering certainty for companies

That would be nice for H&W

Https://www.agendani.com/energy-security-in-an-all-island-context/

Leading academic expert identifies potential role of IM as storage facility as part of an All Island energy security approach.

Https://www.cru.ie/publications/28212/

"Ireland’s long-term future requirements, including renewable compatible large scale gas storage"

Fig 4.2 Ireland's Strategic Hydrogen Development timeline

Large scale storage solutions of geological scale "Green status" from 2033.

Presumably Rothschilds analysis will factor this into IM value potential for bidders.

Https://cruiseline.com/advice/what-s-hot/news/royal-caribbeans-allure-of-the-seas-set-to-receive-100-million-makeover

Hopefully, H&W can bid for this work.

Sails from Europe Apr 25.

India / UK Navy Collaborations

https://www.navalnews.com/naval-news/2024/03/uk-rfa-ships-to-undergo-repairs-in-india-for-the-first-time/

Maybe UK should revisit these agreements

Https://www.financialexpress.com/business/defence/naval-diplomacy-russian-navy-chiefs-india-visit-strategic-ahead-of-pm-modis-travel-to-poland-ukraine/3586853/

India / US Navy collaboration

https://www.financialexpress.com/business/defence-india-us-defence-collaboration-theodore-roosevelt-carrier-strike-group-indian-navy-conduct-joint-activity-3554116/

Not a defence expert, but seems a bit odd :)

Https://ukdefencejournal.org.uk/new-warship-and-submarine-agreement-to-boost-sme-involvement/

The MoD highlighted that a significant proportion of these suppliers are based outside the south of England, with many located in the Midlands, the North of England, Scotland, and Wales.

Maria Eagle, Minister for Defence Procurement and Industry, emphasised the importance of involving SMEs in maintaining the readiness of the Royal Navy’s fleet: “The spares and repairs that keep our warships submarines at sea are critical, and this agreement will ensure that more British small businesses – from Southampton to Aberdeen – will be at the heart of supporting the Royal Navy.”

Northern Ireland?

Given the current position, expect Rothschild's / Riverstone to undertake a very sharp review of IM potential. Interesting to see what that brings out.

Https://projectscot.com/2024/08/new-12m-shipbuilding-training-facility-opens-in-glasgow/

Where's the NI ambition? Another missed opportunity.

Https://montelnews.com/news/0934b783-d8de-4c72-9ddf-ff5f6cb69b09/uk-energy-prices-very-vulnerable-to-geopolitical-threats

NBP Gas forward curve about £1/therm going into Winter. Could've bought around Feb at about 50p/th.

NI gas transported in 2022 = 150m therms.

150m therms x 50p spread = £75m saving./ year.

All very crude and ignores whole island Ireland consumption.

IM salt caverns must hold value especially with ability to transition to hydrogen storage.

400m dollars spend in last month acquiring a mining business in the last month with sophisticated mining technologies. Not impossible that a bidder for a business might want to direct attention of other bidders away from assets that are of value/interest.

Https://impeller.net/magazin/flacks-group-acquires-artemyn-and-strengthens-its-mining-presence/

Flacks Group may have an expertise that could be applied to Islandmagee salt caverns.

Https://www.coastreporter.net/oil-gas-and-mining-news/green-energy-projects-eye-underground-salt-caverns-as-key-to-hydrogen-storage-9359330

Interesting recent Canadian mining likes on JW LinkedIn.