Monday, November 19, 2007

Gas issues winter 2007 - 2008

I had expected things to run reasonably smoothly in Winter 2007-8. However, Milford Haven is not on line and we encounter the usual about 24mcm/d of depletion from the North Sea. That actually makes things tighter than last winter.

As usual the system is starting out by taking gas from long term storage. Strategically for the UK that is bad news as we are not using that much gas at the moment and the Rough reserve is more readily available for the UK than gas down Langaled, Vesterled or the Interconnector (where it needs to go in at the other end).

At the rate of depletion currently Rough runs out in late Jan and Medium Range storage is already being used.
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