Northern Ireland’s Islandmagee gas storage project took a step forward on 11 June when owner Infrastrata signed a term agreement with Vitol for the proposed offtake of the entire storage capacity of the project for 12 years – 500 million cubic metres in seven caverns.

The company plans for a final investment decision to fund construction by the end of 2019, first injection of gas in 2022 and full commercial gas storage operations in 2023.

As an EU Project of Common Interest, Islandmagee is entitled to receive expedited licencing and permitting.