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
 Sep 28 2016 - Morocco- 10-Year-old Moroccan Boy Commits Suicide Over School SuppliesMorocco World News
(MENAFN - Morocco World News) The suicide of a ten year-old boy near the Moroccan city of Ifrane shakes social media in Morocco. A boy was found hanged using an electric wire in a small village in ...

 Sep 28 2016 - Shimon Peres, Nobel Prize Winner and Veteran of Israeli Politics, Dies at 93Morocco World News
(MENAFN - Morocco World News) Shimon Peres, the veteran Israeli statesman who shared a Nobel prize for his extensive efforts in negotiating a peace agreement with Palestine, has died on Tuesday. He ...

 Sep 28 2016 - Morocco- Police Officer's Generosity, Gives Grieving Black Man a New OutlookMorocco World News
(MENAFN - Morocco World News) Mark Ross got the call we never want to get. His 15-year-old sister was killed in a car accident. It was 3 A.M. He needed to travel from Indiana to Detroit to be with ...

 Sep 28 2016 - Egypt- Rights groups condemn treatment of detained 6 April Youth Movement coordinatorDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Commission for Rights and Freedoms (ECRF) criticised the detention conditions of 6 April Youth Movement coordinator Amr Ali, who was imprisoned on charges of ...

 Sep 28 2016 - Kuwait- Maternity leave for pregnant womanArab Times
(MENAFN - Arab Times) I am working in a private clinic as a Staff Nurse. Regarding maternity leave our new supervisor says… only for the first pregnancy and delivery is the 68 days maternity leave ...

 Sep 28 2016 - Kuwait- Indemnity should be calculated by using the latest remunerationArab Times
(MENAFN - Arab Times) Can you please let me how to calculate my service indemnity. ■ Salary – KD 450. ■ Car allowance – KD75. ■ Petrol – they give me a card twice a month (KD 15 ...

 Sep 28 2016 - Kuwait- Friends matter, not interests - Stick to good in youArab Times
(MENAFN - Arab Times) Intisaar Al-Ma'touq LONG time ago, our grandfathers said, 'You are nothing if you have nothing.' Those were the good old days characterized by simplicity. At the time our ...

 Sep 28 2016 - UAE opens consulate in New York, strengthens ties with USKhaleej Times
(MENAFN - Khaleej Times) The United Arab Emirates opened the UAE Consulate in New York City and appointed Majid Al-Suwaidi as Consul General. The opening ceremony was officiated by Reem Al Hashimy, ...

 Sep 28 2016 - Sharjah FDI Forum set to explore ways to boost UAE-India tiesKhaleej Times
(MENAFN - Khaleej Times) The Sharjah Foreign Direct Investment Forum (Sharjah FDI Forum 2016), which takes place from September 28 to 29 at the Al Jawahar Reception and Convention Centre, will host ...

 Sep 28 2016 - UAE- MidEast Watch & Jewellery Show to open this weekKhaleej Times
(MENAFN - Khaleej Times) The Expo Centre Sharjah will host the 41st edition of the MidEast Watch & Jewellery Show from September 27 to October 1. This will be done with the support of the Sharjah ...

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