A planned underground gas storage facility in Lancashire would create 3,000 jobs, according to Halite Energy Group.
The facility, located in underground caverns on the Fylde coast would store up to 900 million cubic meters of natural gas in 19 purpose-built caverns at Preesall.
Halite’s chairman Dr John Roberts said the £660m project was needed and would increase the UK’s gas reserves by 20 per cent.
However, residents in Over Wyre have previously campaigned against similar plans.
Dr Roberts said: “The benefit for the UK’s energy policy is that this will provide a 20 per cent increase in energy gas storage in the UK which is essential to support the government’s energy policy and in particular their policy to bring in more renewables and take carbon out of energy production.”
A report published by economic development and regeneration consultants Regeneris said about 3,000 jobs would be created over the eight-year project, of which about 500 would be in Lancashire.
The application is being examined by the Planning Inspectorate and a final decision will be made by April 2013.
Previous applications for the site made by Canatxx UK, which has since reformed as Halite Energy Group, were rejected.