Press Release

Wednesday, June 11th 2008

For media enquiries, please contact Paul Taylor (Taylor Keogh Communications):020 3170 8465 / 07966 782611

GAS COMPRESSION STATION FOR £500m OFFSHORE GAS STORAGE SCHEME APPROVED - GATEWAY WELCOMES PLANNING COMMITTEE DECISION

Gateway Storage welcomes the decision by the Barrow Council planning committee to approve the plans for a gas compression station next to the South Morecambe gas terminal at Rampside, Barrow-in-Furness, and the associated onshore infrastructure. The gas compression station will support the operation of Gateway’s proposed underground gas storage facility, 15 miles offshore from Barrow in the east Irish Sea.

Andrew Stacey, Gateway Project Director said: “The decision is an important step in the planning process of our project. We are very pleased that the planning committee has approved our application, and accepted the various measures that we will put in place to carefully manage the impact of the facility’s construction and future operation.”

“Throughout the planning and public consultation process, we have sought to assure local residents of the safe operation of the gas compression scheme as well as explain the rationale for choosing the site next to the existing gas terminals and the local and national economic benefit that Gateway will bring. We have also outlined the steps that will be taken to protect and, where possible, enhance the natural environment."

Gateway anticipates receiving all the necessary planning approvals, including government approval for its offshore operations (the salt cavern storage facility and pipeline), over the summer. Subject to financing, construction of the project will start in 2009 and commercial operations will commence in 2012.
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