Project to encourage more gas storage construction

The Government have issued the first licence under a new regime to encourage the construction of more gas storage.

The Gateway Project, located in the east Irish Sea, would create 20 new salt caverns approximately 750m below the surface of the seabed, and see the UK’s gas storage capacity increase by 30 per cent.

Energy and Climate Change Minister Lord Hunt said: "The successful performance of the UK’s gas system, even during the severely cold weather seen this winter, shows that we have one of the most resilient gas systems in the world."

"But we do want to encourage more gas storage capacity, like Gateway, to provide flexibility in the future at times of high demand."

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