Quadrant 110 map & Project Breakdown 1/22 Feb 2025 13:12
With PreFEED activities coming to a close, #EPP @energy_pathways & #WG @Woodplc will be set to share their project data with the market, potential Tier One partners, DESNZ @energygovuk & also gas & hydrogen production/storage offtake partners.
As you’ll see, I have mapped out the entirety of Quadrant 110 that encompasses EPP’s MESH project.
So, why bother mapping out the area around MESH?
Primarily to highlight the unique position EPP are located in & show some of the key infrastructure & potential partners in the vicinity.
Phase 1 of the EPP story will be to generate revenue via production of natural gas from its 100% owned, fully appraised Marram gas field. The 4 well project will pump 46bcf of natural gas to the South Morecambe Gas Terminal operated by Sprint Energy via a relatively straightforward tie in to existing nearby gas pipeline infrastructure. The revenue using today’s spot pricing for 46bcf of gas is a substantial sum in itself. However this is just the beginning.
Phase 2 will be gas storage. As gas is produced, space will be created in the subsea cavern & gas will be stored. That gas will come from the many producing gas fields surrounding MESH. Currently these are run by the likes of Centrica, Sprint Energy & Eni @eni, who may be likely offtake partners.
Phase 3 will be #Hydrogen production & Storage. Taking excess waste energy from nearby wind farms, Green Hydrogen will be produced by salt water electrolysis. Once produced it will be also be stored in one of the empty subsea caverns. With wind energy capacity set to triple with new wind farms being set up by the likes of @bp_plc & @OrstedUK there’ll be no shortage of wind energy to convert. With the North West Industrial hub nearby offtake partners for hydrogen will be plentiful. Recently, in the area @kimberlyclarkAR & @Essar signed offtake agreements & clean hydrogen will be needed by the North West hydrogen powered public transport fleet.
Phase 4 is expansion. With MESH already equal to the size of Centrica’s Rough Storage Facility, EPP plan to triple the size of MESH via production/storage licenses at the nearby Knox & Lowry fields. This would increase gas storage to 45Tw & Hygrogen Storage to 4.5Tw. There would also be further potential to expand into the many surrounding depleted gas fields nearby.
One of the potential risk factors faced by EPP is not being granted a Gas Storage License. However, as we can see from the map, the Bains Gas Storage field is right next door. Originally brought to FID by @centricaplc it’s now fully licensed for gas storage & operated by DCarbonX. As EPP has just received approval for an Operators license, it looks highly likely the Storage license will also be granted.
Map in link: https://x.com/redditdeluxe/status/1886019999258611951?s=46&t=IHEn1TE0c7FNFBktt6H8XQ
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