RE: News next week for sure......31 Mar 2025 08:36
Saltfleetbyβs worth as a gas storage facility is estimated at Β£500 million to Β£1 billion. This valuation considers its potential storage capacity of 28.25 billion cubic feet (BCF), the market value of gas (around Β£310 million at 110p/therm), potential annual storage revenue (Β£50-100 million), and strategic importance to UK energy security. Development costs (Β£50-100 million) and remaining reserves (23.5 BCF, worth Β£258.5 million) also factor in. The estimate is approximate, pending detailed studies and current market data beyond March 30, 2025.
Thatβs just 1/4 of the fieldβs potential