Albury Gas Storage Project

26 Jul 2007 14:46

Star Energy Group PLC26 July 2007 26th July 2007 The following replaces the announcement released today at 14.30, under RNS no.9286A. Star Energy Group plc ("Star Energy" or "Company") Albury Phase 1 Gas Storage Project Star Energy has submitted its preliminary submission for a Storage AuthorisationOrder for its Albury Phase 1 gas storage project to the Department for Business,Enterprise & Regulatory Reform. The application is for permission to store up to 8.2 BCF (billion cubic feet) ofnatural gas in the existing, partially depleted Albury gas reservoir. A separate application will be made in due course for the modifications to theexisting wellsite, a Gas Processing Facility 8.5 kilometres away outside theArea of Outstanding Natural Beauty (AONB) and an Above Ground Installation atthe connection to the District Gas Network. The proposed scheme is designed to minimise the impact on the AONB, the widerenvironment and the local communities. The wells at Albury Park would be joinedto the gas processing facility at Furze Copse via underground pipeline. Roland Wessel, CEO said 'The Albury gas storage project represents an importantaddition to the UK's current gas storage capacity, especially in view of thehigh performance nature of the facility and its strategic location' Enquiries: Star Energy, Tel: 020 7925 2121Roland Wessel - CEOSarah Kaye - Investor Relations Manager Financial Dynamics, Tel: 020 7831 3113Ben Brewerton / Ed Westropp Hoare Govett, Tel: 020 7678 8000Andrew Foster This information is provided by RNS The company news service from the London Stock Exchange