SONE - Supporters of Nuclear Energy - Supply fears amid gas price surge

Main Menu

Podcasts
Podcast XML RSS

Syndicate
Supporters Of Nuclear Energy (SONE)

For more information about SONE... Click to download pdf

Latest News
ITER Members Reach ‘Baseline’ Deal On Financing And Timetable New Forum Aims To ‘Promote Debate’ On Nuclear Energy In Italy Sarkozy To Forge ‘Strategic Partnership’ Between EDF And Areva Cashmore To Head UK Atomic Energy Authority French Nuclear Capacity Will Depend On Electricity Reform, Says IEA

Supply fears amid gas price surge

Written by BBC
Friday, 18 November 2005
Prices of wholesale gas have almost doubled during the past week, prompting fears about winter supplies to the UK. Prices hit an eight month high of 80p a therm, sharply higher than last week's price of 43p, before dipping slightly. Experts said fears the UK is about to face its coldest winter in 10 years and tight supplies had triggered the rise. UK supplies are low as a pipeline from Europe is running at half capacity and shiploads of gas are being diverted to Spain and the US where prices are high. Wood Mackenzie gas analyst Frank Harris told the Financial Times that operators could have made up to $14m more per cargo by selling to the US rather than the UK. The UK is also facing the prospect of becoming a net importer of gas as supplies from the North Sea dwindle. Such developments have prompted gas operators to draw down supplies from the country's biggest storage facility - the Rough offshore facility - that is normally filled now for use in January and February. -------------------------- Complete article BBC --------------------------

< Previous		Next >

[ Back ]

Nuclear Bulletin

Join SONE

We need your support

To become a member of SONE download the application form by clicking the button below

Downloads

Because of successive changes, much of SONE's literature gives incorrect information about contacting us. The Acting Secretary is Sir Bernard Ingham at:

9 Monahan Avenue
Purley
Surrey
CR8 3BB

Tel: 020 8660 8970
Mobile: 07860 535962
Email: sec@sone.org.uk

Key SONE downloads: