InfraStrata at next stage of Irish gas storage project

Exploration company InfraStrata will turn the Islandmagee salt deposit into a gas storage plant after securing funding from the EC

UK exploration company InfraStrata is moving ahead with its project to turn the Islandmagee salt deposit in Ireland into a gas storage plant, having secured funding from the European Commission (EC) that covers half the cost of the recent drilling operations. Core samples of rock have been sent to Germany for analysis. This will show the possible characteristics of the storage site, such as the number of caverns, how to dissolve the salt, the facility’s optimal operating pressure and so on. The expectation is that during Q4 2015 there will be enough certainty to enable a final investment decision in 2016. At that point InfraStrata will look for partners, CEO Andrew Hindle told Petroleum Econ