Harland and Wolff granted licence for new UK gas storage project
Harland and Wolff granted licence for new UK gas storage project
A marine licence has been granted to Harland and Wolff for a new gas storage licence in the UK.
The Islandmagee project is expected to be capable of storing approximately 500million cubic metres of gas, more than 25% of the UK’s current capacity.
It comes as volatile gas prices have placed extra scrutiny on the UK’s contingencies, and criticism of the decision to close of Rough, the UK’s largest gas storage facility, in 2017.
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