Gas supply crunch

[kenneal - lagger]

News report https://www.bbc.co.uk/news/business-633 ... gn=KARANGA

About the number of LNG tankers being held at sea in the expectation of achieving higher prices.

A target rich environment, especially off the Spanish coast. A couple Russia submarines could do a lot of damage in a few days.

I suspect that a Russian sub would only get one torpedo off before it received one from its tail. The tail would be wary that the torpedo going out would be coming for it so would be very quick to get it retaliation off straight away.

[Catweazle]

Those gas carriers look very vulnerable to drone attack.

[Vortex2]

while Germany has 89 days’ worth of gas stored in reserve, France has 103 and the Netherlands 123, Britain has some of the lowest levels in Europe, with just nine days’ bottled up, according to Centrica.

[clv101]

Indeed, but we do have North Sea production which while only ~half of our annual needs and able to supply considerably less than half our daily winter demand, is still significant.

[Vortex2]

Indeed, but we do have North Sea production which while only ~half of our annual needs and able to supply considerably less than half our daily winter demand, is still significant.

Who owns that gas?

Is it the Norwegian link?

[clv101]

The part in the UK, is produced by private companies like Shell under licence then sold to the UK, there isn't anywhere else it can easily go. The stuff we buy through the Norwegian pipeline is... gas from Norway's part of North Sea.

[BritDownUnder]

I wonder how much the old "gasometers", if there are still any left, store? Centrica was hamstrung by the regulator for many years resulting in a limited ability to carry out any capital works, and pay reasonable dividends to the shareholders. I doubt the directors gave it much thought as they were too busy stuffing their pensions schemes and expense accounts to really care.

63kWh from my rooftop solar system yesterday. Despite my best efforts in charging the car and heating water I still managed to give away 21kWh of it to undeserving electricity companies and consumers by exporting it to the grid. I really need to get a battery - a big one.
No gas worries for me at the moment.

[adam2]

UK LNG stocks have declined significantly over the last week or so.
Bit surprised that TPTB are not keeping it full. Natural gas remains very expensive if compared to recent years, but is less expensive than was the case a few months ago, suggesting that supply to fill the LNG store is available.

[RenewableCandy]

I thought I saw somewhere that the gas price for immediate delivery was so low they were practically begging ppl to take it off their hands. Loads of ships floating around just off the coast ready to offload it as soon as they can.

I think, also, the UK has very good facilities for this sort of thing.

They're building a new LNG terminal in Poland, again so they can import it from elsewhere than Russia.

[PS_RalphW]

Rough storage facility back in action. It filled to 20% in recent weeks and is now supplying again, as the spot price has risen sharply with the cold weather in the UK and Europe.

[adam2]

UK Natural gas prices have now declined to about 120 pence a therm, still several times the historical norm, but much lower than the prices recently attained.
With winter now over, demand should decline. And a greater proportion of that reduced demand can be met by indigenous production. I would hope that our paltry storage will be fully replenished before the next panic.

I do not expect any serious gas supply issues before next Autumn /winter. Provided that no new wars break out. Any major war in the ME could be serious, but that does not look likely in the near term.

[johnny]

I do not expect any serious gas supply issues before next Autumn /winter. Provided that no new wars break out. Any major war in the ME could be serious, but that does not look likely in the near term.

Interestingly, and good news for countries that prefer dependency over independence in their energy supplies, at least they have goto friends with can-do attitudes.

SEPTEMBER 6, 2022--U.S. LNG export capacity to grow as three additional projects begin construction

[Mark]

Rough storage facility back in action. It filled to 20% in recent weeks and is now supplying again.

Not sure how Rough's new capacity compares to this place:
https://www.storengy.co.uk/

Reported that the Stublach Gas Storage Project cost £500m to convert some of the old salt caverns in Cheshire, and it has capacity to store 400 million m3 of natural gas. It also has high injection and withdrawal rates - up to 33mm³/d.

[kenneal - lagger]

I do not expect any serious gas supply issues before next Autumn /winter. Provided that no new wars break out. Any major war in the ME could be serious, but that does not look likely in the near term.

Interestingly, and good news for countries that prefer dependency over independence in their energy supplies, at least they have goto friends with can-do attitudes.

SEPTEMBER 6, 2022--U.S. LNG export capacity to grow as three additional projects begin construction

The record has got stuck again. Can someone nudge the arm please?

[kenneal - lagger]

.............. It also has high injection and withdrawal rates - up to 33mm³/d.

Millimetres cubed per day?