Wednesday, March 27, 2013
Saturday, March 23, 2013
Gas Issues in 2013
Thursday, December 30, 2010
Before New Year
This may not matter, but if the weather reverts to Northerly or Easterly over a period of time we could deplete LRS.
Monday, December 20, 2010
Winter 2010-11 - Gas Balance Alert Issued
In fact as I write the system is delivering that sort of volume of gas. However, what we need to keep an eye on is the stored gas.
We are lucky that this is happening around Christmas when industrial demand is relatively low.
However, it remains that we still are effectively exporting from storage. The interconnector was still exporting in late November (see below) when gas was being taken from Long Term Storage.
I am also uncomfortable with the total gas demand going up (from 502 last year to 514 this year) when our domestic supplies are going down.
As usual it is difficult to predict whether a problem will turn into a crisis. That depends substantially on the weather.
Monday, March 08, 2010
Running on Empty
Gas has continued to have been exported from storage, but the government do not seem concerned by this.
Thursday, February 25, 2010
Close to the edge of the woods
In a sense we are now in a typical situation. Commercially if anyone takes the risk of reinjecting gas into storage they also face the risk of either keeping it for a year or selling it at a loss.
At the same time we cannot be certain what the weather is going to be. Normally it would not be that cold from now. Hence no-one seems to be reinjecting gas.
On the other hand the weather forecast at netweather now is a bit coldish. However, we cannot be certain that this will either be true or indeed last.
Hence the country faces quite a big risk. It is one of those situations where the importance of the risk is high, but the probability of the risk low. However, the cost of taking preventative action (viz having some stored gas) is actually not that high.
However, this risk is something the market should take as a whole for reasons of energy security rather than individuals taking the risk on the basis of a calculation as to whether or not they will make a return.