InfraStrata is the only AIM-quoted company entirely focused on gas storage with its project at Islandmagee, County Antrim.
The Islandmagee gas storage project company, Islandmagee Storage Limited, is owned 90% by a wholly owned subsidiary of InfraStrata plc and 10% by a wholly owned subsidiary of Mutual Energy Limited. The project is a proposed salt cavern gas storage facility located on Islandmagee in County Antrim, Northern Ireland. Work commenced in 2007 with the acquisition of 3D seismic data to image the Permian salt in the Larne Lough area. During 2012, planning permission was granted for the project and a gas storage licence was issued by the Utility Regulator. In October 2013, the gas storage project was granted a Project of Common Interest status by the European Commission. In 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the Commission. The final stage before a Final Investment Decision will be the Front-End Engineering Design and Commercialisation of the project, planned to be completed by end 2017.
Islandmagee-1 well drilling in June 2015
(Photo taken by Colin Williams Photography)
Islandmagee Storage Limited is a member of GSOG the representative body for the UK gas storage industry