US firm invests £13.5m in Islandmagee gas storage
AN American gas storage developer is to make a significant investsment in the £250m gas storage facility planned for Islandmagee.
The investment by eCORP International LLC (eCORP) will fund the project development costs up to the construction phase, which would include the drilling of the first cavern borehole.
Islandmagee Storage Limited submitted a planning application in March 2010 for the construction of a 500 million cubic metres nastural gas storage facility in Permian salt beds almost a mile beneath Larne Lough.
Subject to the granting of planning permission, it is hoped the drilling of the first cavern borehole will take place during 2011 and the first gas will be stored in the facility in 2015.
See this week's Larne Times for the full story.
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Weather for Larne
Thursday 09 February 2012
Today
Light showers
Temperature: 8 C to 9 C
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