Member Info for mcadder

https://www.platts.com/latest-news/electric-power/London/Interview-Total-eyes-greater-role-in-gas-fired-26890856 .................................................... French major Total is considering increasing its gas-fired power generation capacity and renewables presence in Europe, the head of its gas, renewables and power division said, as the company pushes forward with a strategy to improve its green credentials. French major wants presence along gas value chain: Sauquet Keeping close watch on German, French policy decisions Carbon price of Eur20/mt sufficient to eliminate coal At the center of the initiative is Total's increasing focus on gas -- and LNG in particular -- following the agreed acquisition of Engie's LNG business in late 2017. But a gas presence all along the value chain -- from production to power generation -- is key to Total, as is the further development of its renewables business, Philippe Sauquet told S&P Global Platts in an exclusive interview in London. "What is important for us is to be present all along the gas chain, all the way down to the electricity end-user," Sauquet said.

https://www.belfasttelegraph.co.uk/business/analysis/could-ni-face-blackout-if-a-station-is-down-36595003.html ........................................................... "In a few months, as a result of a new Integrated Single Electricity Market (ISEM) auction stipulations and its outcome, Northern Ireland is set to close electricity generators that have maintained security of supply for decades. Over the last three years Kilroot's coal fired station has met around one-fifth of Northern Ireland's electricity demand. But Kilroot Power Station's 440MW and a further 125MW generator at Ballylumford have now been earmarked for closure. Carefully honed generating teams managing plants and securing our electricity supply are to be scattered." .................................................................. Security of supply is to become a major issue for N.I and ROI and highlights the need for this project to be developed and contribute to security of supply.

Not interested....go and spout your insults at someone that cares whatatwonk

whatamess - I simply don't care! either get lost or start contributing to this bb! My 8yr old nephew displays more maturity than you!

Finance & Stock Market News UK GAS-Prices rise on colder weather outlook for next week Tue, 13th Feb 2018 10:20 Feb 13 (Reuters) - British wholesale gas prices rose on Tuesday morning on expectations of colder temperatures next week. * Day-ahead gas was 1.20 pence higher at 52.00 pence per therm at 1012 GMT * Within-day gas up 1.25 pence at 51.85 pence per therm * Weather forecasts show colder temperatures for next week, which should drive up heating demand. * "The latest (models) both for the UK and the Continent is colder, with consumption now expected to remain above normal up until the end of March and considerably above normal for the first half of March," said Thomson Reuters gas analyst Dimitrios Saratzis

Assuming they have every intention of buying the only reason I can think of is they are still inside. This can be a good thing if the nomad considers that the information they are in possession of right now stops them from buying atm as to me it means they are actually busy behind the scenes! However I didn't think that come Feb we would still be waiting for this to happen!

Naz this should put your mind at ease...lol Gas storage in the UK & Europe Natural gas storage in salt caverns is a mature industry. Gas has been safely stored in underground salt caverns since the early 1960s, and there are currently approximately 70 salt storage facilities around the world, with many more under construction. Gas storage in salt caverns is a mature industry with an unblemished safety record; there has never been a recorded failure of natural gas escaping from caverns in the UK. Salt cavern gas storage facilities are currently in operation within the UK in both Cheshire and Yorkshire and are very common in Europe (especially in Germany). The Hornsea facility in Yorkshire has been in use since 1973.. Extensive investigations have shown that the salt is sufficiently thick here to create new caverns which would be ideally suited for safely storing gas.

Hi :) your both very welcome! First and foremost - funding....it needs to happen to take this forward and the bod know it. This will de-risk the project and seriously move the SP. Secondly - director buys....although funding is by far more important atm this also needs to happen! They can't remain inside forever and need to take a reasonable stake here and investor's will continue to question this until they actually do. If numerous PI's have invested serious money here because they believe in Infa or the bod or perhaps both it seems only fair that the bod show some commitment too.

http://www.dutchnews.nl/news/archives/2018/02/fifth-groningen-earthquake-in-a-week-registers-2-2-on-richter-scale .......................................................... "An earthquake registering 2.2 on the Richter Scale struck the village of Garrelsweer near Loppersum in Groningen province on Sunday evening. It was the fifth light earthquake in the northernmost province within a week, NRC said on Monday morning. There was a quake registering 1.7 in the village of Scharmer on Saturday and three other lighter quakes earlier in the week, the Dutch meteorigical institute KNMI said. The quakes were felt by nearby residents. Gas production company NAM completely halted extraction of gas from the area around Loppersum on Friday, following recommendations from the state mines authority. It had called for a halt to gas extraction near Loppersum and said the total volume of gas being extracted from under the province should be almost halved. The recommendations were made in response the sharpest quake in five years near Zeerijp in January."

Actually whatamess I have just replied to some of the more sensible posters on here while you have been busy writing your 2 line insult....if I need to get drunk I will thank you, but not tonight some of us have work to do tomorrow

Hi crl I think we'd all be lying if we said we had no concerns re the funding issue but the SP reflects exactly that atm. However with the indisputable need for the project my view is that the current bod are not going to allow this to fall short of the finishing line as this critical part of the funding - 660k- will start a chain reaction of events that will finally allow the FEED to be completed and actual development of the project. The hints of things going on behind the scenes are in the RNS's. I doubt GL, MB and KC joined forces with AP if they thought they couldn't pull this off. There is a lot at stake for all of us but imo the project has the best chance of success right now since the idea was born well over a decade ago. The timescales the bod are working to reflect the deadline for completion of the FEED and EU grant deadline. Completion end of Sept, EU grant Dec. With that in mind the funding issue imo needs to be sorted by the end of March at the latest. However the outcome of the funding could literally be reached and announced any day so I'm sure the bod are working flat out as we speak to get this over the line.

Gas will grow faster than oil & coal over the next 5 years, helped by low prices, ample supply, and its role in reducing airpollution” says @IEA in new Gas Market report - Source: Gas Naturally Brussels

https://www.energy-storage.news/news/record-low-prices-in-uk-capacity-market-auction-trigger-concerns ..................................................................... The latest auction for the UK’s Capacity Market cleared at a record low price at the end of last week as battery storage projects seemingly struggled to compete. ..................................................................... CCGTs have predictably picked up the largest share of awarded capacity. More than 23GW – roughly 46% - has been shared between 44 different units. Its nearest competing technology by capacity is nuclear with 16 generators sharing just shy of 8GW worth of capacity. .............................................. Battery storage meanwhile only won 153MW of contracts with both the low clearing price and new de-rating factors combining to make it more difficult for the technology to compete. Those results mean that interconnectors, some from continental Europe, look set to play an increasingly important role in providing security of supply in the coming years against a backdrop of uncertainty over the UK’s future participation in the single electricity market (SEM). ................................ The UK’s future energy relationship with Europe has proven to be a particularly contentious issue, with prominent bodies like the House of Lords and the Committee on Climate Change warning against both the effects of a botched Brexit and what it may mean for energy imports.

whatamess - I expected a pathetic response back considering the ridiculous condescending question you wrote earlier.....take Wolfofware's advice do some research I really don't care

whatamess - I'm sure your smart enough to realise taking into account the recent RNS's that the bod is heavily focussed on achieving the funding to really kick start this off - looking at timescales involved this could land anytime. Is that clear enough for you?

Bit of interest today people getting back in before funding news lands which could be anytime now!

https://uk.reuters.com/article/uk-bp-gas/bp-expects-gas-to-overtake-oil-as-main-energy-source-in-2040-idUKKBN1FK2FV .........................................................................................................................................posted before but worthy of mentioning again. .................................... VIENNA (Reuters) - BP expects gas to overtake oil as the world’s primary energy source in around 2040 as demand for the least polluting fossil fuel grows, its vice president for strategic planning said on Wednesday.

I have done extensive research thanks! I have posted it many times on here! But you don't take any notice of it that's your problem! You never post any research to back up the incoherent statements you continue to make! Whether you like it or not gas is here to stay no matter how much we invest in renewable energy! You seem to conclude that it would cost the consumer nothing more if we went down the same route as Denmark well that's a good idea if you want to have the highest electricity prices in the EU! Your most recent posts prove you really haven't got a clue! At least I can back my statements up with actual facts!

Nazareme translates to naa clue ere - perhaps you should read this it relates to Denmark........................ DEMARK - KEY ISSUES................................................ Firstly...."The energy mix will change significantly due to ambitious policy targets for renewable energy (wind power to account for 50% of electricity generation by 2020). To address this the interconnection capacities with neighbouring countries are being developed to maintain security of supply". ............................................................ So this alone means that they will have to rely on other countries to maintain security of supply due to such an ambitious plan! Imagine if every country did the same! Secondly...."Danish household customers pay one of the highest electricity prices in the EU, mainly due to a very high level of energy taxes. Compared to electricity prices for commercial consumers the price for household consumers is 3 times higher".....................I wonder why they have such high electricity prices Naz!! ............................................... Thirdly....."Denmark now relies on imports through Germany to balance it's gas supply and demand." ...........So not quite as straightforward as you make it Naz. So basically UK and the ROI will not be able to survive without gas as it is the source for electricity and heating that keeps prices at an affordable level. All the investment Denmark has made in renewable energy comes at a huge cost! My post yesterday at 18.29 shows how despite the rise in renewable investment that investment in gas infrastructure and storage will need to keep pace in the future to maintain security of supply at all times, and to keep the lights on as the dominant power source due to the intermittent problem renewable energy will always have!

Gas generation and wind power: A review of unlikely allies in the United Kingdom and Ireland........................................................................... The impact of gas infrastructure outages on energy systems with limited supply routes poses a significantly larger security of supply risk. Multi vector analysis for the Irish system was carried out in [61], where it was found that gas interconnector outages resulted in a significant decrease in power system security. The lack of storage infrastructure and alternative supply routes for the Irish system was the reason for such significant power price increases in the gas of outages of the single supply point. ........................................................................... It is clear that in order to adopt high penetrations of renewable energy into the power system, significant levels of investment is also required in gas infrastructure. As previously discussed, the flexibility required by the power system is increasingly being sourced from the gas system. Gas storage is a significant provider of this flexibility, but requires significant investment and many such projects in GB are not being developed due to commercial risks such as low summer winter gas spreads and uncertainty over future energy policy [63]. However, in systems where long term energy security in the form of wind power is endangering short term gas system and thus power system security, investment in gas infrastructure is a necessity. This is especially true for the Irish energy system, as natural gas import reliance through a single entry node from GB was 95% in 2013/14 [13] and where wind power capacity is forecasted to be 32% of total installed generation capacity by 2020 [3]. Twinning of a section of the single import route for Ireland has been identified in order to reduce congestion on this vital piece of infrastructure [64]. Additionally, the development of a gas storage facility in NI is forecast to provide greater security of supply for the island of Ireland and explicitly for the GB system [65]. .................................................... Lack of investment in this critical infrastructure would not only undermine the overall pursuit of renewable energy as a long term security of supply solution, but would actively contribute to the restriction of the gas system to accommodate high penetrations of wind power. It can be concluded that the sometimes overlooked dependency of power system flexibility on natural gas transmission infrastructure is increasingly important in power systems with high penetrations of wind power. As the penetration of wind power increases, the variability required to be accommodated by gas generation and its associated infrastructure will continue to increase. In turn, the value of multi vector energy analysis and the wide ranging system level impacts of high renewable energy penetrations will be vital for optimal adoption.