The transportation of gas from Britain to the Netherlands through the BBL pipeline is expected from autumn 2019.
Currently, gas can only be transported through the pipeline from the Netherlands to the UK.
However, technical modifications are being made at the compressor station at Anna Paulowna and the gas terminal at Bacton.
The project is expected to further strengthen trade between the two most liquid market areas in Europe, the Netherlands-based Title Transfer Facility (TTF) and the British National Balancing Point (NBP).
BBL Company believes there is demand for British gas exports in Europe, particularly during the summer.
Luuk Feenstra, Managing Director of BBL Company said: “At the moment, in the summer months, more gas is being collectively produced in and supplied to the UK (via Norwegian pipelines, from the North Sea fields and in the form of LNG) than is being sold.
“Seasonal storage facilities in the UK have insufficient capacity to store this surplus gas, partly due to the decommissioning of the Rough storage, which used to be Britain’s largest gas storage facility.”
He added the Netherlands and Germany have much more storage capacity than the UK and is therefore expected to will be more demand for gas transportation capacity from the UK to the Netherlands during the summer and in the opposite direction during the winter.
INEOS recently shut down the Forties pipeline – said to be worth around £20 million a day -for repair.