Working with us

We work closely with stakeholders to ensure that the potential of offshore gas storage is fulfilled.

We work closely with stakeholders to ensure that the potential of offshore gas storage is fulfilled.

Undersea gas storage is a commercial activity in a competitive market. In our view, it is fair and reasonable to charge a commercial rent for this activity, and such a rent may legitimately exceed a cost plus basis without offending the rules around anti-competitive behaviour.

We do not have a set charge for offshore storage projects. Each project is different, both in terms of size and deliverability, and has different capital cost requirements. As a result we will seek to negotiate terms individually, having assessed the unique components of that project. In all cases we will look to establish a rental proposition by the application of consistent value-based principles.