| Centrica looks at gas storage plan |
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| Thursday, 27 March 2008 | |
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Energy giant Centrica is considering plans to create the UK's first offshore gas storage facility for more than 25 years. The proposal, with partners Gaz de France and First Oil, will look at turning the Bains field, in the east Irish Sea, into a seasonal storage facility nearly one fifth the size of Rough, the UK's largest gas storage site. Pre-development studies on the Bains proposal will run until early next year, before a final investment decision is made to develop the project. It could come online in the winter of 2011-12. Estimates suggest the project could cost around £300m. |