Dutch gas player
May 13 (LNGJ) - Kistos Holdings Plc, the UK-listed energy company with natural gas assets offshore the Netherlands and UK gas and storage assets as well energy interests offshore Norway, reported results of €122 million ($132M) in adjusted annual earnings.
“Production from the Kistos-operated Q10-A field in the Netherlands was impacted by downtime from scheduled maintenance,” said Kistos of the field located 20 kilometres offshore in shallow waters. “Nevertheless net output from Q10-A reduced significantly from 4,700 barrels of oil equivalent per day in 2022 to 2,700 boepd in 2023 and our team is now focused on minimising future production declines to ensure we extract the maximum value from this asset,” the company added. Kistos also completed the acquisition in April 2024 of UK onshore gas storage assets from EDF Energy.
UK gas storage
April 19 (LNGJ) - The UK’s North Sea Transition Authority has offered a 10-year licence to a company called dCarbonX to store natural gas in the depleted Bains Gas Field in the East Irish Sea. “Redeveloping Bains for gas storage could deliver a storage capacity equivalent to three to four days' supply for the UK with injection potentially starting in 2028,” said the Authority.
The Bains gas field is in UK Block 110 and located about 17 miles (27km) west of Blackpool in northwest England. UK utility Centrica had developed it as a subsea tieback to the South Morecambe Field. The gas was transported through a subsea pipeline to the gas terminal at Barrow-in-Furness but production ceased in 2017.
Norwegian natural gas pipeline operator Gassco to expand details of maintenance and incidents
Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, said it would in future provide more details on planned maintenance, unplanned incidents and the flow of gas in and out of the transport system.
Fluxys Belgium benefits from UK natural gas storage site closure and wider use of LNG
Fluxys Belgium, the transmission network company and operator of the Zeebrugge LNG terminal, posted a rise in profits of around 45 percent, boosted by tax reforms while also benefiting from the closure of the main UK gas storage expansion of its own LNG offerings of truck fuel and small-scale cargo loadings.
