UK-based natural gas storage developer InfraStrata has submitted an application for a Grant for Studies under EU’s Connecting Europe Facility (CEF) 2014-20.
The grant would cover design and preliminary works to facilitate the enablement of reverse flow of the Scotland-Northern Ireland gas pipeline (SNIP) project.
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Mutual Energy (MEL) owns and operates the SNIP project through its subsidiary Premier Transmission (PTL). As the project promoter, it holds EU Project of Common Interest (PCI) status.
The company intends to use the study grant to perform the front-end engineering and design (FEED) study to identify technical requirements and design parameters for the SNIP project.
Work to be taken up under the grant is expected to include the selection of a FEED contractor and planning / environmental consultant, carrying out pre-engineering and engineering studies, as well as planning / environmental activities to enable planning applications to be submitted.
Bi-directional flow between Northern Ireland and Great Britain is expected to increase the flexibility within the gas markets in GB, NI and the Republic of Ireland, facilitating interconnectivity across the three neighbouring markets and supporting the national renewable and carbon reduction targets.
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By GlobalDataGrant works include all studies for the gas storage project to achieve maximum commercialisation and allow the SNIP project to enter the execution and construction phase.
InfraStrata is expected to have two to four gas storage caverns operational at Islandmagee before it utilises the reversed SNIP. The reversal of the SNIP is expected to be operational in 2025 to 2026, when all seven caverns are expected to be in full commercial operation.
The study grant works are estimated to cost €9.3m, which includes 50% permissible as a direct grant to InfraStrata from the CEF. A decision on the grant application is expected by the end of 2019.
The Islandmagee project is a proposed 500mm³ natural gas salt cavern gas storage facility located on Islandmagee in County Antrim, Northern Ireland.
It will be situated adjacent to the SNIP pipeline and the Moyle 500MW electricity interconnector.
The proposed facility will provide more than 25% of the UK’s natural gas storage once constructed.
