zareba plc

Lot of talk today regarding the need to invest in energy technology in view of the instability in the East.

Extract from the Energy Reveiw speech.

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Our own gas output has declined faster than anticipated and we have moved to being a net gas importer - earlier than envisaged.

There have been changes beyond our borders. Global demand for energy has increased massively as economies such as China have boomed. It was reported last week that China has overtaken the UK as the 4th largest economy in the world and it is already the world’s second largest consumer of energy. China’s demand for energy is increasing at a rate of some 15% per annum.

There are lessons to be learnt from these changing circumstances and from what we have already experienced this winter with volatile gas prices.

We have recently witnessed concerns about energy supply, at a time when new infrastructure is not yet fully operational.

These concerns are associated with high spot prices for gas which are causing very real difficulties for large gas consumers - companies in the chemical, paper, glass and steel businesses, for example.

This is an important reminder, about getting the timing of energy policy decisions right, given the lead times for major decisions about infrastructure investment and the ****development of new technology.*****

This is a particularly important lesson to keep in mind as there are greater challenges emerging on the horizon.
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There will not be a better time to be in a company like Quadrise/ZBA. The current engergy climate will make this very attractive.