Gas storage
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
In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa Energy’s Dan Veasey to discuss the market implications of Europe reaching full storage capacity by the end of summer, as well as the potential impact of unexpectedly mild weather
Extending the exemption from negotiated third-party access is expected to allow Centrica to make investment decisions