Gas storage
New projections suggest a significant drop in Irish power prices for the fiscal year 2024-2025, with an anticipated 14% decrease from the previous year’s average of €106 per MWh to €91 per MWh
National Gas Transmission’s Summer Outlook report predicts steady gas demand but decreased exports to Europe due to higher EU storage levels, with measures in place to manage supply resilience
The Chief Executive Officer of National Gas has emphasised the role of gas in transitioning to net zero
The acquisition encompasses two gas storage facilities, Hill Top Farm and Hole House Farm, situated near Warmingham in Cheshire, UK
The Russian energy giant, announced reaching a new daily peak in gas deliveries to China, exceeding contractual obligations with a total of 22.7 billion cubic metres in 2023
Moody’s analysis indicates that the EU’s record high gas storage, reaching around 97.5% by the end of November, positions it well for the upcoming winter with minimal energy shortage risks
National Gas is reportedly considering offering payments to households in exchange for reducing heating usage to mitigate potential gas shortages
The recently revealed data indicates that European gas storage levels have reached 90.12% of capacity, corresponding to more than 93 billion cubic metres of natural gas
Experts will issue a warning that the approaching winter could bring even greater difficulties, surpassing the challenges experienced in previous winters
With the increased capacity, Rough will be capable of storing up to 54 billion cubic feet of gas