Cash shortage hits Portland storage project

November 2008
Utility Week;11/14/2008, Vol. 29 Issue 26, p31
Trade Publication
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.


Related Articles

  • ENERGY ROUNDUP.  // ICIS Chemical Business;11/3/2008, Vol. 274 Issue 17, p49 

    The article offers world news briefs related to energy industry. It adds that the U.S. refiners have indicated that output will fall by around five percent in response to lower gasoline prices. It says that crude oil's rapid spike in 2008 resulted from investors pulling money out of stocks and...

  • Energy East gets approval for gas storage facility in Finger Lakes. Fitting, Beth // Business Journal (Central New York);2/22/2002, Vol. 16 Issue 8, p5 

    Reports the approval on the plan of Seneca Lake Storage Inc. to build a natural gas storage facility in the Town of Reading, New York. Features of the facility; Brief information on the company.

  • TAQA's Bergermeer gas storage facility in the Netherlands starts partial commercial operations.  // World Energy News;4/17/2014, p14 

    The article reports that operations at the Netherlands Gas Storage Bergermeer facility of the energy and water company TAQA have started. It mentions that once the facility is completed it will be Europe's third largest gas storage facility. It highlights that gas is being injected into five...

  • Iran set to commission first gas storage project in May. MIRZA, ADAL // MEED: Middle East Economic Digest;4/15/2011, Vol. 55 Issue 15, p13 

    The article informs that Iran is preparing to commission its first underground gas storage facility to meet the demand for gas in the nation. It is evident that state-owned Natural Gas Storage Co. (NGSC), a subsidiary of National Iranian Gas Co., has already completed 97 per cent work to build a...

  • Economies both false and true.  // Utility Week;5/29/2009, p12 

    The article focuses on concerns over the proposed site for Great Britain's biggest onshore gas storage facility in Portland, England. The collapse of Lehman Brother in 2008 delayed the preparatory work for the facility due to financing concerns. Portland Gas, the company behind the venture...

  • Eni plans major UK storage scheme.  // Utility Week;6/20/2008, Vol. 29 Issue 9, p18 

    The article reports that Italian energy company Eni has confirmed that it intends to become a significant player in the British gas storage now that it has taken a controlling stake in a gas field in the North Sea. Part of the field is earmarked for conversion into an offshore storage project...

  • LNG Facility Brings Positive Economic ChangeTo Former Manufacturing Center. Nicoloro, Michael A. // Pipeline & Gas Journal;Nov2009, Vol. 236 Issue 11, p66 

    The article reports on the economic impact of the liquefied natural gas (LNG) storage facility constructed by Yankee Gas Services Co. in Waterbury, Connecticut. It states that such facility brings a change in the economy of the former gas company which operated four smaller facilities of LNG...

  • Inergy Aggressively Grows Its Natural Gas Storage Business.  // Pipeline & Gas Journal;Nov2010, Vol. 237 Issue 11, p59 

    The article focuses on the expansion programs of Inergy LP's natural gas storage operations. It states that Inergy has completed its 725 million-dollar acquisition of the Tres Palacios Natural Gas Storage Facility, which has increased its storage operations to nearly 80 Bcf of gas storage...

  • Projects in Brief.  // DPC: Dredging & Port Construction;Apr2004, p38 

    Cites news events related to the maritime industry. Receipt by Shell of the technical approval from the Federal Electricity Commission paving the way for the development of Mexico's first liquefied natural gas import terminal at the Port of Altamira; Confirmation by the Nigerian government of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics