New Blog

Residents around Milford Haven who are concerned with the proliferation of energy projects have set up a new blog to make the public more aware of what's going on. Their primary concern is LNG but with the proposition of a massive new Biofuel plant in the offing, many are deeply worried that Milford Haven is effectively being transformed into "the largest energy port in Europe."

Check it out here

"Oversupply of gas does not mean price cuts"


This article in the Torygraph pretty much sums up the fragility of the UK's gas supply situation...

In the case of LNG, "diversion clauses" in many of the contracts mean that ships can be shifted to more lucrative markets in the event of price spikes elsewhere in the world.

So all we need is another Hurricane Katrina in the US to see our own LNG cargoes diverted across the Atlantic to meet a sudden US shortfall, and we could find ourselves with another supply shortage, and another price spike.

It's not about security of supply for us, it's about secure profit margins for Exxon and co...