GNE - Genesis Energy

[fish]

John Kidd of energy analysis consultancy Enerlytica is interviewed where he discusses the current energy crisis.

https://youtu.be/VFzm7XjaGpg?si=EorMDIMhozdBR-n3

He advocates the solution adopted by Europe when Russian natural gas was not used because of the Ukrainian invasion, where floating liquid to gas plants were placed in ports to discharge liquefied natural gas from tankers into onshore gas pipelines. He predicts the price would be half the current NZ gas price.

Boop boop de do
Marilyn

He suggests this would take 9 to 12 months .
More imports is not good for balance of payments and I guess not economic for methanex
Gas is the transition fuel as echelon (nzog ) has been saying for years-and this is where OGOG has expertise as well as owning the lng tankers.We may even end up getting molecules from amadeus(alice springs )

It is also time to get Huntly great again -and for this to be a positive for the share price of Genesis
Start burning NZ wood pellets with coal -preferably NZ coal .
Huntly is built on a coal field .
Looks as if the Rankines will be running flat out for a long-time

[xafalcon]

He suggests this would take 9 to 12 months .
More imports is not good for balance of payments and I guess not economic for methanex
Gas is the transition fuel as echelon (nzog ) has been saying for years-and this is where OGOG has expertise as well as owning the lng tankers.We may even end up getting molecules from amadeus(alice springs )

It is also time to get Huntly great again -and for this to be a positive for the share price of Genesis
Start burning NZ wood pellets with coal -preferably NZ coal .
Huntly is built on a coal field .
Looks as if the Rankines will be running flat out for a long-time

NZ gas market is at a nexus. If plans for LNG import and gasification are put in place, it will likely be the end of any further indigenous exploration. If LNG import is not actioned, it is only a matter of a short time until Methanex pulls the pin on NZ, which is good in the very short term but disastrous in the medium term as gas distribution fixed costs are spread among other customers

It seems to me we already have the solution. Every major storm causes forestry slash to cause problems on the east coast. This is free raw fuel in abundance. If processed into pellets (in NZ) then it is indigenous low cost carbon neutral fuel for the Huntly rankine units. The rankines could be run in preference to CCGT, reducing gas demand. Note that the rankines are towards the end of their lifespan

But this government has already demonstrated that it is incapable of thinking and acting long term (beyond the 3Y political term), or acknowledging that it makes mistakes. This is where the problem lies - the lack of commitment to improving NZ's future

[kiora]

But wood pellets from pine is not energy dense enough???

https://www.genesisenergy.co.nz/abou...ial-successful

https://www.stuff.co.nz/environment/...ng-short-trial

"England sees running a Huntly turbine off biomass as a better solution to the dry year problem than pumping water uphill at in the multi-billion dollar Lake Onslow hydro scheme, being investigated by government."

https://newsroom.co.nz/2022/02/28/ge...-energy-trial/

[kiora]

Water storage has its own risks?

"Ancient waves: Scientists uncover evidence of massive South Island lake tsunamis"

https://www.nzherald.co.nz/nz/ancien...CEGOZXXA4AN7A/