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Natural Gas: Storage

Volume 491: debated on Tuesday 21 April 2009

To ask the Secretary of State for Energy and Climate Change what estimate he has made of the levels of employment that would result from the liquefied natural gas facility on Anglesey and the gas storage facility at Preesall coming on-stream. (268594)

[holding answer 2 April 2009]: I have not made any such assessment. However, the facilities on Anglesey and at Preesall would make a valuable contribution to the security of the UK's gas supplies if they were to come forward.

To ask the Secretary of State for Energy and Climate Change what assessment he has made of the changes in the ability to import and store gas that would result from the liquefied natural gas facility on Anglesey combined with the proposed gas storage facility at Preesall, Lancashire coming on stream. (268595)

[holding answer 2 April 2009]: The Preesall gas storage facility would potentially provide approximately one billion cubic meters of gas storage capacity, making a valuable contribution to UK gas supplies. The proposed liquefied natural gas (LNG) facility on Anglesey would provide a welcome increase in the amount and diversity of the UK's gas import capacity.

To ask the Secretary of State for Energy and Climate Change what assessment he has made of the effects of the current level of availability of finance on the delivery of new gas storage projects. (268596)

[holding answer 2 April 2009]: The current financial climate makes raising funding for gas storage developments, like other projects, more difficult for some smaller developers but this is less of an issue for the larger ones. We are working closely with the industry to ensure that they make the most of alternative funding sources including the European Investment Bank.