- InfraStrata said it had extended its period of exclusivity under the agreement it had entered into with Meridian to acquire and develop a planned floating storage regasification and reloading unit (FSRU) project in the UK.

Under the terms of the agreement, the company now had extended its exclusivity until 08 January 2020.

The extended period of exclusivity would enable the company to conduct a more detailed technical, commercial and regulatory assessment of the project and determine key parameters.

The floating storage regasification and reloading unit (FSRU) involved developing a floating liquified natural gas, receiving port offshore Barrow-in-Furness, Cumbria, in northwest England, and was designed to deliver re-gasified volumes of natural gas directly into the UK market via its own national transmission system interconnection at Barrow-in-Furness.

At a projected capacity of approximately 5m tonnes per annum, the FSRU project would add to the UK's security of gas supply, and help balance the gas network on peak demand days.

At 9:49am: [LON:INFA] Infrastrata PLC share price was -0.01p at 0.52p

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