Tuesday, January 12, 2010

Ormen Lange is back up

It looks like Ormen Lange was back up this morning which is why Langeled was running about 65 mcm/d. Sadly we are still taking gas from Medium Range Storage (at a lower rate), but I would not be surprised if gas was being reliquified for the Short Range Storage.

The Telegraph is reporting that the cost of domestic gas bills will rise.

This is the consequence of running a system "on the edge". Domestic consumers cannot respond to short term price signals unlike big gas users and end up being hit by the price implications of shortages.


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