Gateshead site recommended for location of new hydrogen-storage facility

A Gateshead site has been recommended for the location of a new hydrogen-storage facility in the UK. Clean energy and fuel company ITM Power and distributor Northern Gas Networks have concluded their Large-Scale Power-to-Gas Energy Storage Deployment Study and found four locations suitable for a demonstration facility for the technology. Of the four locations, Low […]

Centrica freed from Rough gas storage commitments

The UK’s competition watchdog has provisionally decided to remove the requirements placed on Centrica’s Rough gas storage facility in the North Sea. The announcement from the Competition and Markets Authority (CMA) comes after Centrica requested a review as it intends to close the facility due to its physical deterioration. The undertakings include the legal, financial […]

Competition watchdog to review Rough gas storage requirements

The Competition and Markets Authority (CMA) is to review the requirements placed on Centrica’s Rough gas storage facility. The giant facility in the North Sea stores gas in the summer and delivers it in the winter to help meet the high demand. In June, Centrica said it intends to close the storage facility due its […]

Centrica to close UK’s giant Rough gas storage facility

Centrica has said the giant Rough gas storage facility under the North Sea will be permanently shut. The announcement comes as the site has faced numerous outages and the future of its commercial operations was being assessed. The facility is the largest of its kind in the UK and able to meet around 10% of […]

UK grants consent for new gas storage facility

The UK Government has given the go-ahead for the development of a new gas storage facility in Cheshire. It will consist of up to 19 underground caverns, gas processing plant and associated development with the capacity to store up to 500 million cubic meters (mcm) of natural gas. The Keuper Gas Storage Facility at Holdford […]

MEPs urge efficient use of EU gas storage capacity

Members of the European Parliament (MEPs) are calling on the EU Commission to reduce the region’s dependence on gas in the long term by using it more efficiently. They highlight the “vital role” of Liquefied Natural Gas (LNG) and gas storage in addition to increased efficiencies and renewable energy deployment in reducing dependence on Russian […]

New Cheshire gas store bolsters Brit energy security

Deep underground caves in Cheshire which now store gas will officially open today. Lord Deighton, Commercial Secretary to the Treasury is due to hail the Stublach gas store’s “crucial role” for British energy security at a ceremony later today. So far two salt caverns at gas firm Storengy’s Stublach site are used and they can store […]

Gas stores go large on the weekend – DMR

More gas was piped into the UK’s stores over the weekend as prices “collapsed”, according to the daily market report from npower. Unusually warm temperatures last week saw the UK experience hottest Halloween on record – spelling less demand for gas from households. Steve Walker, Client Portfolio Manager at the supplier’s Optimisation Desk said: “Understandably […]

November gas prices hit four year low

Prices on the UK’s wholesale gas market dropped to their lowest for November. On Friday, gas for November 2014 traded at 51.60 pence per therm (p/th), according to analysts at ICIS. That’s ten pence per therm cheaper than the 61.625p/th price in November 2011. The prices are even lower than last November’s, when they expired at 66.900p/th. There’s […]

Denmark to buy gas storage site from DONG

Denmark is to take over an underground gas storage site for 2.25 billion krone (£239m). Energinet.dk, the state-owned operator of the Danish transmission network signed a conditional deal with gas explorer DONG Energy. Based on the well-populated island Zealand in Denmark, Stenlille has stored gas from the Danish part of the North Sea since 1989. […]