Originally Posted by
Witton Park
Two issues here - so lets take non-fracked.
What do you think is better?
1. Freezing the gas in Qatar, shipping it to Milford Haven, offloading and putting in to use.
2. Using our own gas.
I'm not ruling out 1. It will be needed, but option 2 is a better option in my mind, so we should use what resources we have.
This spring/summer when demand was low, we sold to the Dutch who store, then they sell it back at peak and make a pretty penny and put up our bills - with our gas.
So hence I have tied it to infrastructure investment so we store the gas, we then have our backup and if the Continent need some in the winter, we are the ones providing it from our backup at premium rate.
That's what Norway does and is what we should do, albeit on a smaller scale because we haven't got the reserves.
Now to fracking.
The main fracking area is under me and the conflict is mostly from a few folk on the Fylde and some flying eco-loons from out of area.
I understand the concerns of the locals, so we would have to have appropriate compensation for them.
eg.
An offer of compulsory purchase at market price + 20%.
Discounted supply of gas.
It hasn't been given a proper go. This is a limited trial, we will be using gas for several decades and we have possibly 100+ years gas reserves underneath us.