UK Government Gives Green Light to Offshore Gas Storage Scheme

Gateway Storage Company has secured approval from Government to construct its £600m 1.5billion cubic metre gas storage facility in the east Irish Sea. This major project will be built in salt caverns approximately 750m beneath the surface of the seabed and located 15 miles offshore, south west of Barrow-in-Furness. The Gateway facility will be connected to the National Gas Grid via a new gas compression station adjacent to the existing Morecambe gas terminals at Barrow. Gateway will add new capacity equal to approximately 30% of current UK storage capacity, sufficient to meet five days of Britain's average gas demand. Commercial operation is targeted to commence in 2014.

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