Port Meridian Deepwater Port Awaits 2016 Final Investment Decision
Posted on: 04/12/2015

The proposed Port Meridian deepwater project will consist of a floating storage, subsea pipeline, and onshore facilities that will connect the national grid at Barrow-in-Furness, Cumbria. Located offshore in Morecambe Bay, the project has received all major approvals, and will receive the final investment decision to construct the port and pipeline infrastructure by mid-2016.

The subsea pipeline, which will supply natural gas to onshore facilities, will be available to residential, commercial, industrial and electrical generation customers throughout the UK. The Port Meridian deepwater port project was acquired by Meridian LNG in October 2012 from Höegh LNG for $20m (roughly £1.32m). Meridian was advised by West Face Capital on the deal. Meridian LNG and E.ON Global Commodities entered a 20-year gas sale agreement in April 2015, for the sale of full nameplate capacity at Port Meridian.

Regasified natural gas from the port will be supplied to the UK National Transmission System for sale to E.ON Global Commodities exclusively. It is estimated that the first gas flow will commence in 2018.

For the latest news, visit our LinkedIn page.

Vacancies By Email

Get There First With Vacancies By Email

Get specific job types, tailored to your requirements, sent straight to your inbox as soon as they are available. Register Now »

Latest Vacancies

Senior Mechanical Engineer Permanent | Oxford, Oxfordshire, England | £50,000 Per Annum

Are you looking for a new opportunity to develop your career within the building services sector? One which will allow you to develop both professionally and personally? This could be the ideal opportunity for you. The role of Senior Mechanical Enginee
Read More »

Senior Project Engineer Permanent | London, London, England | £70,000 Per Annum

A fantastic opportunity has arisen for a Senior Project Engineer to join a leading building services company in London to work on some truly inspirational projects.
Read More »

Senior CAD / Revit MEP Technician Permanent | Oxford, Oxfordshire, England | £38,000 Per Annum

A new opportunity has arisen for a Senior CAD Technician to join a leading building services consultancy in Oxford.
Read More »

Senior BIM Technician Permanent | Birmingham, West Midlands, England | £40,000 Per Annum

A new opportunity has arisen for a Senior BIM Technician or indeed BIM Manager to join a leading UK consultancy operating in the construction industry. The role can be based in either Birmingham , London or Edinburgh.
Read More »

Senior BIM Technician Permanent | Birmingham, London, England | £40,000 Per Annum

A new opportunity has arisen for a Senior BIM Technician or indeed BIM Manager to join a leading UK consultancy operating in the construction industry. The role can be based in either Birmingham , London or Edinburgh.
Read More »