New UK gas store looks set to take first load
The UK’s newest gas storage site at a salt cavern in Cheshire looks ready to take its first load.
Stublach has told the market it wants to take 2 million cubic meters (mcm), according to our daily market report with npower.
Steve Walker, Client Portfolio Manager said: “Stublach has an injection nomination of 2 mcm, it’s unclear whether the maximum rate of injection can be achieved given only 30% of facility is online.”
Stublach will eventually hold up to 400 million cubic meters of gas in 20 caverns, with work scheduled to finish by 2018 according to the operator Storengy.
On the power front, the market analyst noted gas generation from CCGT has “dropped slightly”.
That’s despite wind forecasts of around 500MW through the rest of the week, said Mr Walker.
However gas fired power over the last 24 hours has been more than 40%, bucking the recent dominance of coal.
