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149 comments on Why UK Natural Gas Prices Will Move North of 100p/Therm This Winter
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149 comments on Why UK Natural Gas Prices Will Move North of 100p/Therm This Winter
Comments can no longer be added to this story.
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Rune (or anyone else):
How will all this play out for Ireland? How reliant are they on Natural Gas imports from Britain?
This was a very fine post Rune, I hope you keep them coming.
Hello Luis and thank you.
Nat gas consumption in Ireland has grown steadily through the years and presently nat gas constitutes approximately 29 % of Ireland’s primary energy consumption (which is high). Nat gas consumption in Ireland has shown a strong growth in recent years and Ireland has a small indigenous nat gas production (BP Statistical Review does not break down their production) meaning most of their nat gas consumption is imported (more than 90 % from UK and some small amounts from Norway).
Ireland, also being at the end of the supply chain, could in the near future face many (or worse) of the same nat gas supplies challenges as UK.
I am not aware of Ireland having any LNG regasification facilities.
Rune
A 2006 paper says Ireland imports over 85% of its gas from the UK. The balance coming from Kinsale Head (depleted?) and Corrib (not producing yet?). The paper talks of two years of planning and three years of construction. Which suggests if all goes smoothly it could be open for 2012, good for 400 million cf/d, 40% of Irish demand:
More information on the Hess LNG backed Shannon LNG development here:
http://www.shannonlngplanning.ie/
Seems it's still at the planning stage, application submitted last year . They've drawn some really nice pictures on an LNG import facility, that'll help.
Hello Chris,
Thank you for the links and information.
If my memory does me any justice I seem to recall that Norway sells some natural gas to Ireland related to a power plant (can’t recall the name but it was a joint venture by then Statoil and some other companies).
One of the challenges reading statistics on gas imports and exports is that even if it says x % imports from UK, it is difficult to identify the physical (or more correctly) the contractual origin for some of the gas.
Ref gas imported through BBL, is this all gas from Holland (which may be its physical origin) or could this also include contractual gas from Russia?