StockMarketWire.com - Natural gas storage company InfraStrata submitted an application for a grant from the EU's Connecting Europe Facility.

The main objective of the study grant was to perform the front-end engineering and design study for the Scotland to Northern Ireland gas pipeline to enhance the gas storage project, the company said.

Mutual Energy, through its subsidiary Premier Transmission, was the owner and operator of the Scotland to Northern Ireland gas pipeline.

The 'Grant for Studies' application, design and preliminary works, would be managed by InfraStrata, who would be required to facilitate the proposed enablement of reverse flow of the Scotland to Northern Ireland gas pipeline.

Currently the flow of natural gas between Northern Ireland and Great Britain was one-way to Northern Ireland, but allowing bi-directional flow would increase the amount of flexibility available within the gas markets in in the UK, Northern Ireland and the Republic of Ireland.

Under the current timeline, InfraStrata would have at least 2 to 4 gas storage caverns in operation at Islandmagee before it would utilise the Scotland to Northern Ireland gas pipeline, which would be operationally required around 2025/26, by which time it was expected that all 7 caverns would be in full commercial operation, the company added.

Total cost of the study grant works was estimated at €9,299,446.00 with a maximum 50% directed as a grant to InfraStrata.




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