RE: Rough gas storage isn't straightforward29 Oct 2022 18:59
Wake up call hey Consuela? Sorry I forgot you don't use gas do you LOL
https://www.express.co.uk/news/science/1689343/British-gas-warning-energy-crisis-uk-storage-rough-facility-site-supplies-blackouts/amp
British Gas issues dire warning as UK has only nine days of gas left– while France has 103
The UK has some of the lowest levels of gas storage in Europe, making it vulnerable to price rises.
By ANTONY ASHKENAZ
12:12, Sat, Oct 29, 2022 | UPDATED: 12:43, Sat, Oct 29, 2022
British Gas has warned that the UK has just nine days of gas supplies left, as it reopens a giant storage site ahead of this winter. This is abysmally low compared to the 89 days of supplies held in Germany and 103 days in France. To combat the Europe-wide fossil fuel energy crisis, Centrica, the parent company to the energy supplier, announced on Friday that it had reopened the gas site called Rough, in the North Sea, with 20 percent of its previous capacity. The site which lies beneath the North Sea off the Yorkshire coast, will be the UK’s largest gas storage site and will bolster the UK's gas capacity by 50 percent".....
....."It will take about five years to get Rough [a natural gas storage facility under the North Sea off the east coast of England] back to where it was before but it is a good idea if you do not have your own storage. So what you are supposed to do is buy gas when it is cheap, store it and use it when it is expensive in the winter.
"If Rough was there now, we could have filled it this summer when gas was relatively cheap, and then it would be there for during the winter when gas was very expensive.
"What we rely on doing, we rely on buying gas during the winter when it is very expensive. But we are competing with China. Since China's only buying two percent of the gas it needs, it can afford to pay a lot more, but we are buying all of the gas.
"So we can't necessarily afford to pay top dollar. It has never been a good idea to rely on LNG when you don't have any gas storage, you need a lot of storage."
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