The Government has given the go-ahead for an underground gas storage facility in Lincolnshire which will increase the UK’s overall storage capacity by 15%.
The field at Saltfleetby will provide between 700M.m³ and 800M.m³ of storage, the Department of Energy and Climate Change said.
German firm Wingas was given permission to convert the UK’s largest onshore gas field after a public inquiry. It will help meet seasonal, as well as short term, peaks in demand, and help cope with volatile energy prices.
Energy minister Charles Hendry said: “This project will provide the UK with new and much needed gas storage. As the UK becomes increasingly dependent on imported gas, this Government has made it a priority to ensure secure gas supplies.
“We will introduce measures in the Energy Security and Green Economy Bill to encourage not only more gas storage, but greater gas import capacity to help ensure that our market will deliver gas when it is needed.”