Gateway to build 1.5 bcm gas storage facility

Gateway Storage Co. has secured approval from the UK Government to construct its $923 million 1.5 bcm gas storage facility in the east Irish Sea.

Offshore staff

EDINBURGH, UK -- Gateway Storage Co. has secured approval from the UK Government to construct its $923 million 1.5 bcm gas storage facility in the east Irish Sea.

The facility will be built in salt caverns approximately 750 m (2,461 ft) beneath the surface of the seabed and located 15 mi (24 km) 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, the company says.

Gateway is targeting commercial operation beginning in 2014.

11/26/2008

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