Infrastrata buys Titanic builder
Gas storage developer takes the unusual step of purchasing a heavy engineering firm to work on its proposed UK project
AIM-listed gas storage firm Infrastrata entered the engineering market with its purchase of Belfast firm Harland & Wolff out of administration for £6mn in early October. Infrastrata’s main focus is developing a salt cavern storage facility of up to 500mn m³ on the Islandmagee peninsula on Northern Ireland’s north coast. Northern Ireland’s gas grid is linked both to its southern neighbour the Republic of Ireland and the Great Britain (GB) gas market through the Scotland-Northern Ireland pipeline (Snip) interconnector. Snip currently flows from GB to Northern Ireland, but Infrastrata submitted in June an application for a grant for studies from the EU's Connecting Europe facility (CEF) cov
![](/images/white-fade.png)
Also in this section
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy