The company emphasizes that the new license application spans an area with potential for up to 60 storage salt caverns for natural gas and hydrogen storage , representing an almost fourfold increase in the area the firm is targeting for salt cavern development. The UK player intends to submit an application to the Secretary of State for a Development Consent Order (DCO) for other elements of the MESH project.
Clube noted: “The company also plans to develop natural gas storage to help shore up the UK’s security of energy supply. The UK has meagre existing gas storage capacity. The company considers this licence area, and the Irish Sea region more broadly, as having significant potential for large-scale economic development of natural gas storage.”