Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Off-shore gas storage project on hold

A proposal to store gas off the coast of Barrow by Stag Energy has been put on hold due to a lack of financial backing.

The Gateway project would see 1.5bn cu m of gas stored in 24 salt caverns under the Irish sea, facilitated by two pipelines and an onshore gas storage facility at Barrow.

However, due to the economic downturn Stag has been unable to secure backing.

Chris McKerrow, from Gateway, said: “We have been stalled because of the economic climate but there is still a great need for gas and we are fully confident we will find the financial backing.”

Gateway is said to add an extra 30 per cent to current UK gas storage capacity, sufficient to meet five days of Britain’s average gas demand.