Picture: Offshore Energy News
.As we await further developments on a story that broke rather gently late yesterday with news that the Nord Stream 2 pipeline that carries gas from Russia, under The Baltic Sea to Germany had sprung a leak, it is starting to become clear that the leak, now known to be several large holes in both the Nord Stream 1 and 2 pipelines was an act of sabotage. Seismic monitoring agencies in Sweden and Denmark report several large explosions on the seabed around the pipelines, the biggest of which were powerful enough to register on the Richter scale.
Speculation about who might be responsible for the attacks began immediately, with most fingers pointing at Russia. However it is hard to see what The Kremlin could have to gain by blowing its own pipelines when they could simply shut off the inlet valves. Ukraine was mentioned but again what is the motive? If the Kiev regime wanted to cut gas supplies to Europe, there is very little flowing through the Nord Stream ducts at present, and Ukraine has fully operational pipelines running overland through its own territory from the Caspian to The Balkans, a much easier target. And with Europe in an energy crisis partly due to Russia reducing gas flows it is difficult to understand how any EU member coud see an advantage in shooting itself and fellow member in the foot.
ord Stream pipeline is reportedly 1km in diameter (Picture: Zero Hedge ) On the upside Britain has been reducing its dependence on imported gas since April this year, according to industry association Offshore Energies UK. Neptune Energy has started drilling a 10th production well at the Cygnus gas field and other North Sea gas well are being recommissioned. North sea gas production is already up 25% on 2021's figure.
As we reported yesterday the newly installed government under Prime Minister Liz has been looking to strengthen the UK’s energy security by improving the availability of reliable domestic supplies of energy after cutting its energy links with Russia.
In
July, gas accounted for 44% of the UK’s electricity generation, OEUK
added. But the association warned that the higher domestic production
can only be sustained with continued investment in oil and gas reserves. This has triggered much wailing and gnashing of teeth from the the Green loons of course, but it is gratifying to see that the government is putting the interests of the majority ahead of the delicate sensibilitites of this noisy but insignificant majority
The 3.5 Billion cubic metres added to UK gas supplies came partly from new fields coming onstream in the southern North Sea earlier this year, such as Harbour’s Tolmount and IOG’s Saturn Banks project. But there was also a reduction in planned downtime for working rigs due to the extent of work completed in 2021, with companies focused on plant uptime to maximize energy supply.
OEUK (Offshore Energy UK) commented that the current energy supply crisis demonstrates the challenges countries face if oil and gas production declines more rapidly than demand, also pointing out that renewable electricity generation and hydrogen are not yet available at the scale required to supply baseload.
Mike Tholen, OEUK sustainability director, said, "UK gas producers have already ramped up domestic supplies by 26% in the first half of this year compared to the same period last year. The massive increase in our support for the UK’s gas needs can only be sustained by substantial ongoing investment from gas producer companies.
"If we are to continue our efforts to protect UK gas supplies, which remains the backbone of our energy mix for electricity, heating and industrial processes, we need politicians of all parties to support energy produced here in the UK with all the benefits that brings for taxes, energy security and jobs.”
Now we only need the government to commit to building a chain of Rolls Royce mini - nukes instead of throwing more money at useless windmills, and we are well on the way to turning round our industrial decline.
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