E.ON Gas Storage UK has successfully marketed its capacity at the Holford gas storage facility in Cheshire, UK, from the 2012/13 storage year.

Noble Clean Fuels Limited will have the ability to utilise 100% of Holford's capacity during the contract period with the gas storage facility continuing to be wholly owned and operated by E.ON Gas Storage UK.

Commenting on the five-year agreement reached with Noble, Jo Vizor, Managing Director, E.ON Gas Storage UK said: "We are delighted to have reached agreement with Noble. The highly flexible, fast-churn capability of the Holford gas storage facility will offer a fantastic addition to Noble's portfolio. Our expert team will continue to manage and operate the facility and we look forward to work hand in hand with Noble during this period."

-- Advertisement --

Speaking on behalf of Noble Clean Fuels Limited, Mark Strange said: "We are excited about working with E.ON Gas Storage and the Holford gas storage facility. We expect that this facility will play an important role in our energy business in Europe."

Construction work at Holford began in 2005. The creation of the underground gas storage caverns has taken approximately two and a half years. The first three caverns, which represent the first phase of the development, have been fully available since the end of 2011. With a current capacity of 60 million cubic metres, the facility will play a vital role in the UK's energy infrastructure. When all eight caverns are commercially available in early 2013, Holford will have capacity of up to 160 million cubic metres.

(CD/GK)