Companies & Finance

NI plans for Rough substitute draw mixed response

The Islandmagee gas storage facility has two planned phases, but only the first – intended to serve Northern Ireland and not mainland UK – looks likely to go ahead The Islandmagee gas storage facility has two planned phases, but only the first – intended to serve Northern Ireland and not mainland UK – looks likely to go ahead.
By Silvia Favasuli 13 September 2018 0 32529
The closure of Rough presents an opportunity for new storage projects. (Centrica)

The developers of a gas storage facility in Northern Ireland are aiming to provide the British market with a substitute for Centrica’s closed Rough storage facility, but the project may struggle to attract the required financing.

Islandmagee Storage Ltd – a joint venture between InfraStrata and Mutual Energy – is planning to build a 450 million cubic metre (MMcm) storage facility in County Antrim, just north of Belfast.

The JV plans to develop the project in two phases. The first phase, consisting of two salt caverns with...