PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: GDF SUEZ | ENGIE

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Official Opening of the Stublach Gas Storage Facility, A Key Asset to Meet UK Gas Market Needs - Official opening of the Stublach gas storage facility -
Official Opening of the Stublach Gas Storage Facility, A Key Asset to Meet UK Gas Market Needs


NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2014/11/14 - Official opening of the Stublach gas storage facility - FR0010 208488

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Lord Deighton KBE, the Treasury Minister, and Jean-Claude Depail, Executive Vice-President in charge of the Infrastructures Business Line of GDF SUEZ, have today opened the Stublach Gas Storage Facility in Cheshire (United Kingdom), representing an investment of £500 million by GDF SUEZ subsidiary Storengy.

The Stublach site has so far commissioned two salt caverns, which represent a capacity of 40 million cubic metres now available to the UK gas market. A further three caverns will be available by the end of December 2014, bringing capacity to 100 million cubic metres. The site will eventually have up to 20 caverns with a total capacity of 400 million cubic metres.

With a current 6% gas storage ratio (storage capacity/gas consumption), the UK is well below the European Union average (22%). As the UK becomes more dependent on gas imports and the likelihood of an increasingly flexible demand, new storage sites will play an important role to meet the needs of the gas market, and by 2020 Stublach will be the largest UK onshore underground gas storage facility.

Opening the site today, Lord Deighton KBE, the Treasury Minister, said : «Energy security is central to the government’s long-term economic plan, and we are focusing on investing in infrastructure to achieve this. Sites like Storengy at Stublach play a crucial role in our energy security strategy, allowing gas suppliers and others the flexibility to store gas safely in preparation for when demand is high, or when other supplies are restricted.»

«I am delighted to open the site today. This site has been constructed to the highest safety and hygiene standards, with no public investment required. It demonstrates a real vote of confidence in the UK economy by GDF SUEZ, another example of companies confirming that the UK has created the right environment for investment.»

Jean Claude Depail, Executive Vice-President of GDF SUEZ in charge of the Infrastructures, added:

«Stublach is the first investment in the UK for our gas storage business, following many years of operation in France and Germany. I am delighted that the project has just achieved a major milestone and the first salt caverns are now full of gas and already contributing to the security of supply of natural gas across the UK.»

Storengy is a subsidiary of GDF SUEZ. Its business is based on recognized expertise in the design and operation of complex industrial sites and specialist expertise in underground modeling. Storengy is one of the few operators in the world to combine skills as varied as market analysis, subsurface sciences, drilling and completion techniques, underground reservoir engineering, operation of surface industrial facilities and industrial safety. With a total storage capacity of 12.5 billion cubic metres, Storengy is the largest operator of natural gas storage in Europe. It currently operates 22 storage facilities across France, Germany and the UK and is also represented in Canada and China.

GDF SUEZ ( develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services. GDF SUEZ employs 147,400 people worldwide and achieved revenues of €81.3 billion in 2013. The Group is listed on the Paris and Brussels stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

Investor Relations contact:
T: +33(0)1 44 22 66 29 - E: ir[.]

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: GDF SUEZ | ENGIE


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!

Official Opening of the Stublach Gas Storage Facility, A Key Asset to Meet UK Gas Market Needs

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Storengy | GDF SUEZ
Publisher Contact: Press Office - 
+33(0)1 44 22 24 35 / +32 2 510 76 70 gdfsuezpress[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GDF SUEZ | ENGIE securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From GDF SUEZ | ENGIE / Company Profile

Read Energy Most Recent Related Newswires:

GE Expands Uninterruptible Power Supply Portfolio with New Flywheel UPS Solution
GE Leverages its Local Expertise to Provide Proven Solutions to Leading Wind Turbine OEM XEMC Windpower in China
ENGIE Signs A First Memorandum of Understanding with CMA CGM
Thassalia - Inauguration of France's First Marine Geothermal Power Station
SKF and GE Oil & Gas Sign Collaboration Agreement to Develop Use of Active Magnetic Bearing Applications
Enel Starts Construction of New 300 MW Wind Project in the United States
GE Renewable Energy to Supply New Generators to Mottec Hydropower Plant in Switzerland
Spirit AeroSystems Selects GE to Accelerate its Digital Transformation
ENGIE Acquires SIRADEL - The Leading High-tech Player in 3D Modelling and A Supplier of Innovative Urban Solutions
NEC Energy Solutions to Supply Sterling, MA with the Largest Battery Grid Energy Storage Installation in New England
GE Plans to Capture More Wind with $1.65B Acquisition of LM Wind Power - A Global Designer and Manufacturer of Wind Turbine Blades
Metso Recognized by Freeport-McMoRan as Long-term Strategic Partner
ABB Energizes Transformer At World Record Voltage Level of 1.2 Million Volts
Voith to Modernize Generators for Second Largest Pumped Storage Power Plant in South Africa
GE Launches ElfaPlus* Miniature Circuit Breakers with UL Rating

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business



Visit  Intrinsic Executive Search Ltd

  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (