feels like MAC20 Dec 2017 11:46
before it ten bagged a couple of years ago on solar planning permission
SO WHERE IS THE GAS GOING TO BE STORED!!!!!! Islandmagee - MAKE IT SO!
The CMA has confirmed its decision to remove undertakings from rough gas storage. Removing these will facilitate the closure of the North Sea gas storage facility, which has been deemed unsafe by its operator.
In June this year the facility�s operator, Centrica Storage Limited (CSL), announced that it intended to close the plant due to its age, physical deterioration and the associated safety risks, plus the high cost of refurbishing the facility to make it workable.
The facility�s owners, Centrica plc (Centrica) and Centrica Storage Limited (CSL), has asked the Competition and Markets Authority (CMA) remove historic undertakings, which is designed to ensure competition in the sector � as part of the closure process.
Following a review, the CMA has decided to release CSL and Centrica from the undertakings. Agreement to the closure by the Oil and Gas Authority is still required.
Martin Cave, chair of the Inquiry Group, says, �After a public consultation on our provisional findings the CMA has made the final decision based on the age and degradation of the gas wells and other facilities at Rough. These mean it is no longer capable of safe operation for gas storage without substantial refurbishment. Present and anticipated market conditions were also considered, which meant the level of investment required to meet the legal obligation to operate safely was not economically viable. These considerations have led to our final decision that the undertakings are no longer required, and so will be removed.�
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