TITLE

Cash shortage hits Portland storage project

PUB. DATE
November 2008
SOURCE
Utility Week;11/14/2008, Vol. 29 Issue 26, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a possible postponement of Portland Gas's £500 million scheme for a salt cavern gas storage facility. According to the company, funding for the scheme had proved difficult and falling wholesale gas prices had impacted the project despite its acquisition of planning permission and government consent. Portland Gas pointed out the need for an additional investment of £12 million in the first quarter of 2009.
ACCESSION #
37205335

 

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