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18 comments on UK NAT GAS WINTER 2009, FEBRUARY UPDATE

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Rune Likvern on February 20, 2009 - 4:22pm Permalink | Subthread | Parent | Comments top

Thanks Gail.

With respect to LNG I don’t have actual data available yet, but as of now I would expect LNG to be up by approximately 5 Mcm/d since early January.

National Grid has the recession as its main suspect for the lowered demand/consumption.
For next year, it remains to refill the storage facilities and expectations are that indigenous production will continue to decline.

As of now the outlook is that Norwegian deliveries will be up (3 - 5 Mcm/d) a little next contractual year and then there is LNG where South Hook and Dragon operational the LNG receiving capacities will grow.

Chances are that the need for storage withdrawals next winter will be lower and the lowered economical activity will eat into demand.

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Undertow on February 20, 2009 - 6:45pm Permalink | Subthread | Parent | Comments top

I suspect another factor in gas demand reduction is that the UK has recently been running its coal fired power stations pretty much flat out (on some days the share of coal generation has even approached 50%) and has managed to bring nuclear capacity back up to 20% of current daily supply.

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18 comments on UK NAT GAS WINTER 2009, FEBRUARY UPDATE

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