UK's Rough gas storage space could be full by end of AugustPosted by Copeland Haagensen on January 14th, 2021 Easington Rough, the UK's largest gas storage center, could be complete by the end of August if current injection rates are maintained, an analysis of National Grid information revealed Friday.The UK's only long-range storage space center, with a capacity of regarding 3.7 billion cubic meters, has 3.3 Bcm of gas in stock, or 88% of capability, the highest supply level for this time of year for over four years. The existing shot rate-- an ordinary 18.83 million cu m/day-- would see Rough at 100% ability by August 4. However, this is unlikely since it ends up being more challenging to infuse gas into Harsh with stress structure as it fills. A most likely situation would certainly be shot rates lessening as Rough nears capability, something seen in both 2011 and also 2012 in the same situation. If Harsh were to comply with the exact same shot rates as in 2012 when a light winter months brought about a storage overhang during that summertime, then the center would be complete on August 25, much earlier than in previous years and which could maintain gas demand restrained this September as well as October. BIG CHANGE YEAR ON YEAR This year is vastly different from 2013 when the third chilliest March on record depleted Rough's reserves, compeling it to send padding gas-- which is completely maintained in storage space facilities to keep pressure-- right into the system to handle the big increase in gas demand at the time. Harsh gas stocks, according to National Grid data for early April 2013, were listed below no-- to account for the cushion gas that was sent out-- for a number of days, leading to the facility needing to infuse a document amount of gas last summer. Harsh gas stocks have not fallen below 42% this year, a degree that was not reached till late June in 2015. Undoubtedly, Rough just got to 92% capability last November before withdrawals were required as winter season gas demand began. The huge storage space overhang from the Winter 2013 period has actually been just one of the main contributing factors to the autumn in wholesale gas prices this year. Day-ahead gas prices balanced 52.67 pence/therm in the initial six months, down 24% from 69.72 p/th in the 2013 duration. Additionally, bhmt phosphonate scale inhibitor is trading below the 55 p/th mark and near its document low, whereas it was analyzed by Platts above 70 p/th throughout July 2013. Like it? Share it! More by this author |