Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Taqa starts operations at Bergermeer Gas Storage  Join our daily free Newsletter

MENAFN - Khaleej Times - 17/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Taqa the international energy and water company of abu dhabi on wednesday announced the start of preliminary commercial operations at its bergermeer gas storage facility in the netherlands.

when completed in 2015 bergermeer will nearly double the netherlands’ capacity and become the largest third party access gas storage facility in europe. this will significantly contribute to the security of european energy supply and create more efficient gas markets by increasing competition a key component of the eu gas directive.

jan willem van hoogstraten managing director of taqa in the netherlands said “bergermeer gas storage is one of the biggest independent investments made in the netherlands at this time. we’re pleased to have achieved this project milestone safely on schedule and within budget. every step of the way we strive to be a good neighbour to the community and to minimise the impact our activities have on the environment. our next major milestone is to be fully operational in april 2015.”

compressors are injecting gas into five wells drilled into the previously depleted bergermeer reservoir. this milestone marks the completion of the first phase of the project. taqa and ebn the dutch state-owned energy company have together invested €850 million in the project. in exchange for storage capacity gazprom supplied the ‘cushion gas’ following a tender organised in cooperation with the netherlands’ authority for consumers and markets. cushion gas is needed to pressurise the reservoir making commercial operations possible.

jan dirk bokhoven managing director of ebn said “this project gives the once depleted bergermeer gas field a second life. natural gas is still the backbone of the netherlands’ energy supply. over the next decades natural gas will remain an important source of energy as the netherlands slowly transitions to a fuel mix that includes more renewable energy. once fully operational bergermeer gas storage will be an essential component in the netherlands’ energy infrastructure contributing to european security of supply.”

construction of bergermeer gas storage started in june 2012. the project consists of an innovative zero emission gas treatment facility in alkmaar 14 new wells in the town of bergen and eight kilometres of underground pipeline connecting the two locations. it is intended to help energy suppliers store natural gas underground during periods of low demand in the summer and draw it down in the winter when demand rises.

when fully completed in 2015 bergermeer gas storage will provide 46 terawatt hours (twh) or 4.1 billion cubic metres (bcm) of gas storage capacity equivalent to the average annual gas consumption of 2.5 million dutch households.

taqa has sold all of the facility’s long-term capacity and plans to auction the remaining short-term capacity in september 2014. companies that have already booked capacity include statoil edf vattenfall and gazprom.


 


Khaleej Times




  MENA News Headlines
 Dec 20 2014 - Etihad has no further A380 orders, Boeing 787 delayedMENAFN
(MENAFN) Etihad Airways is not interested in ordering any more Airbus A380s, while the launch of its first Boeing 787-9 Dreamliner into service has been delayed, Gulf News reported.The Dreamliner ...

 Dec 20 2014 - Saudi rail expansion contributes to domestic tourismMENAFN
(MENAFN) Saudi Railways Organization (SRO) President has lauded the efforts of Saudi Commission for Tourism and Antiquities (SCTA) in developing the tourism sector and preserving national heritage, ...

 Dec 20 2014 - Tunisia, Germany sign USD55.21m loan agreementMENAFN
(MENAFN) Tunisia and Germany have signed a loan agreement worth USD55.21 million for the modernization of more than 300 educational institutions in the different regions of the country, QNA ...

 Dec 20 2014 - Qatar- Magnificent Mirza wins stage 2The Peninsula
(MENAFN - The Peninsula) Overnight leader Azzedine Lagab yesterday retained his position at the Tour of Zubarah where defending champion Yusif Mirza of the UAE produced a late burst to win stage ...

 Dec 20 2014 - Aishwarya to make comeback with JazbaaKhaleej Times
(MENAFN - Khaleej Times) Jazbaa is a contemporary thriller set in modern-day Mumbai. Los Angeles - Former Miss World and popular Bollywood actress Aishwarya Rai Bachchan will make her comeback with ...

 Dec 20 2014 - UAE- Srikanth looks to change strategy for next two tiesKhaleej Times
(MENAFN - Khaleej Times) Indian star Kidambi Srikanth set to play Sugiarto and Jorgensen in Dubai event.Kidambi Srikanth faltered in the first set but made a strong comeback against Kento Momoto on ...

 Dec 20 2014 - UAE- Aussie rookie makes an early impactKhaleej Times
(MENAFN - Khaleej Times) Cannon makes statement for Mena Golf Tour with a steady performance at the Dubai Open. Chris Cannon was playing for the first time in an asian tour event Dubai — An ...

 Dec 20 2014 - UAE- Chen and Saina cruiseKhaleej Times
(MENAFN - Khaleej Times) South Koreas Bae shocks Chinese No.Saina Nehwal of India in action against Sung Ji Hyun of South Korea at the BWF Destination Dubai World Superseries Finals on Thursday. ...

 Dec 20 2014 - UAE- Teary-eyed for 132 dreams lostKhaleej Times
(MENAFN - Khaleej Times) Pak ambassador condemns Taleban for using Islams cover to justify massacre Abu Dhabi: The Pakistani community in Abu Dhabi gathered at the embassy on Thursday morning to ...

 Dec 20 2014 - IT teacher steals students iPad sells it onlineKhaleej Times
(MENAFN - Khaleej Times) The teachers theft was allegedly busted after she posted an advertisement on a popular website to sell the iPad. Dubai: An Information Technology (IT) teacher is standing ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help