CRITICAL DECISIONS DUE FOR UK GAS STORAGE
January 1st, 2012
BY ROBERT STOKES, IN EDINBURGH
INVESTORS want to make the United Kingdom the hot spot for new gas storage projects in the European Union (EU). The UK tops the EU's league table of projects either applied for or with official consent: 11.1 billion cubic metres (bcm) of space compared with 4.6bcm of current operational capacity.
It has a good supply of the right onshore and offshore geology and a stock of handy depleted gasfields, but needs the right market and regulatory conditions for investment in underground gas storage (UGS) to contribute to gas supply ...
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