Another Downgrade Looms As Gas Runs Out

Mr_Mumble

Generali, you know full well that credit-ratings are trailing indicators.

It is ridiculous that Britain has to ship in expensive gas from Qatar when we have huge, undeveloped, reserves and can pipe the stuff in from Norway and Russia via Belgium.

Also there is a big change in our gas supply situation come April when much of our coal fired electricity generation is effectively outlawed (thanks to carbon taxes). The gas powered electric power stations will no longer be able to provide gas in case of emergency as there will be virtually no slack for electricity needs. Scary times.

Generali

Mr_Mumble wrote: »

Generali, you know full well that credit-ratings are trailing indicators.

It is ridiculous that Britain has to ship in expensive gas from Qatar when we have huge, undeveloped, reserves and can pipe the stuff in from Norway and Russia via Belgium.

Also there is a big change in our gas supply situation come April when much of our coal fired electricity generation is effectively outlawed (thanks to carbon taxes). The gas powered electric power stations will no longer be able to provide gas in case of emergency as there will be virtually no slack for electricity needs. Scary times.

I agree that the UK should produce more gas.

It is completely correct that Britain doesn't have capacity to cover a 1 in 100 year event. It's much cheaper to ship expensive gas in than have huge amounts of gas sitting around to be used once every century.

Generali

Oops. The pound is up from 1.5240 to 1.5246. It's the soaraway British economy!

grizzly1911

Generali wrote: »

I agree that the UK should produce more gas.

It is completely correct that Britain doesn't have capacity to cover a 1 in 100 year event. It's much cheaper to ship expensive gas in than have huge amounts of gas sitting around to be used once every century.

That did put in a massive expensive pipeline from Milford Haven, SW Wales to allow frozen gas to be landed and fed into the system. It would be a shame not to use it.

Generali

OMG! Cable is down to 1.5209. It's the end, the end. Oh the humanity.

grizzly1911 wrote: »

That did put in a massive expensive pipeline from Milford Haven, SW Wales to allow frozen gas to be landed and fed into the system. It would be a shame not to use it.

Presumably this was built because it's cheaper to import expensive shipped gas than to build in excess storage capacity that is rarely if ever used. Good thinking someone. I hope they make a tidy profit for their pragmatic business sense.

CLAPTON

We need many sources of supply; the temporary failure at Bacton last week illustrates this.

LNG is being delivered to Milford Haven today if I am to believe yesterday's papers.

Generali

CLAPTON wrote: »

We need many sources of supply; the temporary failure at Bacton last week illustrates this.

LNG is being delivered to Milford Haven today if I am to believe yesterday's papers.

AIUI there are a series of deliveries this week.

PaulF81

Lets get Drax's coal boilers upgrated and start burning the black solid stuff.

Scr#w the EU

Scr#w Kyoto.

michaels

grizzly1911 wrote: »

That did put in a massive expensive pipeline from Milford Haven, SW Wales to allow frozen gas to be landed and fed into the system. It would be a shame not to use it.

Shame LNG got a lot more expensive because of Fukushima and the Japanese market suddenly increasing way beyond what was predicted. What we need is to persaude the Americans to build the pipelines/compressors to export some of their surplus rather than just flaring it off in North Dakota.