Bacton gas terminal
IOG completes UK gas reception facilities
Producer set to bring on new UKCS volumes amid yet another record-breaking price spike
AIM-listed gas firm IOG has finished work on its Saturn Banks reception facilities at the UK’s Bacton gas receiving terminal and started ‘backgassing’—pressurising the Saturn Banks pipeline with gas reverse-flowed from the terminal. The firm aims to bring first volumes from Phase 1 of its Southern North Sea gas project onstream in around a week, just as the UK gas market hits new highs. The Ice NBP front-month contract had returned to sub-200p/th levels from a pre-Christmas peak above 450p/th a fortnight ago. But Russia’s invasion of Ukraine and a robust Western response to its aggression have stoked fears over the potential interruption to Europe’s supplies through the east, owing either to
Also in this section
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
