News
Halite Energy Forges Ahead With Appointment Of Prominent Industry Figure
Halite Energy, the company behind plans for an underground gas storage facility at...
Plans for Proposed Preesall Gas Storage Facility Announced
The next steps in the proposed development of an underground gas storage facility ...
Benefits
Local Benefits
We recognise that this area is a valued resource and well used by local people for rambling, fishing and shooting. We will endeavour to maintain, and where possible, enhance the rural nature of the area and ensure minimal disruption to the Wyre Way.
National Benefits
Gas storage is critical for the security of the UK’s energy supply and stability of pricing, and yet the UK currently has only 14 days of gas stored, whilst France and Germany have in excess of 100 days.
In 2004 the UK became a net importer of gas and is the world’s fifth largest consumer. By 2002, imported gas is expected to meet around 70% of the UK’s demand for gas, making us increasingly reliant on overseas sources. The recent Ukraine/Russia gas dispute highlighted the need for sufficient gas reserves to meet demand and avoid potential supply emergencies.
The combination of speed and location make Preesall one of the most important onshore strategic gas storage opportunities in the UK.
The Preesall halite salt was deposited over 200 million years ago