Executive Summary
Infrastrata plc (formerly Portland Gas plc) was demerged from Egdon Resources Plc. Its business is focused on the development of two gas storage projects in the United Kingdom and the development of new projects in mainland Europe. The Portland Project, which the Company owns 100%, will be the largest onshore gas storage facility in the UK, for which planning permission was granted by Dorset County Council in May 2008 and Pipeline Construction Authorisation was granted by the BERR (now known as the Department of Energy and Climate Change) in July 2008. An Environmental Impact Assessment is currently being carried out for the Larne Lough Project in Northern Ireland. Should a borehole in 2009 confirm the suitability of a salt sequence for the development of a gas storage facility a planning application for the project will be submitted later in 2009. The Company has a 65% interest in the Larne Lough project. Its partner in the project is a subsidiary of Northern Ireland Energy Holdings Limited, the owner of the Scotland to Northern Ireland gas pipeline. The two projects could between them provide up to 10% of the total UK and Ireland peak daily demand in the latter part of the next decade. The company is one of only a few in Europe focused specifically on gas storage development, a sector with significant growth potential in Europe over the coming decades.
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