E.ON Gas Storage UK and Noble agree Holford gas storage tie-up E.ON Gas Storage UK has successfully marketed its capacity at the Holford gas storage facility in Cheshire, UK, from the 2012/13 storage year. Noble Clean Fuels Limited will have the ability to utilise 100% of Holford's capacity during the contract period with the gas storage facility continuing to be wholly owned and operated by E.ON Gas Storage UK. Commenting on the five-year agreement reached with Noble, Jo Vizor, Managing Director, E.ON Gas Storage UK said: "We are delighted to have reached agreement with Noble. The highly flexible, fast-churn capability of the Holford gas storage facility will offer a fantastic addition to Noble's portfolio. Our expert team will continue to manage and operate the facility and we look forward to work hand in hand with Noble during this period.": Speaking on behalf of Noble Clean Fuels Limited, Mark Strange said: "We are excited about working with E.ON Gas Storage and the Holford gas storage facility. We expect that this facility will play an important role in our energy business in Europe." Construction work at Holford began in 2005. The creation of the underground gas storage caverns has taken approximately two and a half years. The first three caverns, which represent the first phase of the development, have been fully available since the end of 2011. With a current capacity of 60 million cubic metres, the facility will play a vital role in the UK's energy infrastructure. When all eight caverns are commercially available in early 2013, Holford will have capacity of up to 160 million cubic metres. About E.ON ? E.ON Gas Storage GmbH (EGS) is responsible for the construction and operation of E.ON's underground gas storage facilities and for the development of energy storage systems. EGS's working gas capacity in Europe as a whole, including that of its subsidiaries E.ON F?ldg?z Storage in Hungary and E.ON Gas Storage UK in the United Kingdom, is over 12 billion cubic metres; ? E.ON is one of the UK's leading power and gas companies - generating electricity, retailing power and gas, developing gas storage and undertaking gas and oil exploration and production. It is part of the E.ON group, one of the world's largest investor-owned power and gas companies. E.ON employs around 12,000 people in the UK and more than 79,000 worldwide; ? In the UK, E.ON supplies power and gas to around five million domestic, small and medium-sized enterprise and industrial customers - meaning the company has to buy approximately 122.7 billion kWh of power and gas each year to meet their needs. E.ON also offers innovative energy services and technologies tailored to meet its customers' needs, and is helping customers become energy fit by encouraging them to insulate their homes, moderate their energy usage and even generate their own power; ? In an industry first, E.ON has launched its Reset Review - a process that will examine every aspect of E.ON's relationship with its customers. It will look at tariffs and bills, at how customers pay, at how products are sold, and how support is offered to customers. To do this E.ON will work with its independent Customer Council, directly with its customers and engage with consumer advocacy groups and other interested parties to undertake the Reset Review. As a result, E.ON will put customers back in control of their energy, which will be simply communicated and transparently fair; ? E.ON's generation portfolio includes world-class gas-, coal- and oil-fired power stations. E.ON is a market leader in combined heat and power (CHP), and is one of the UK's leading green generators with 20 wind farms and the UK's first wave power generator, with another 1,500MW of renewable capacity under development. ? One of the many ways E.ON leads the energy industry is through its commitment to market liquidity and transparency as evidenced by its actions on the day-ahead UK power markets including the N2EX auction. E.ON was the first company to sign a gross-bidding agreement with N2EX and leads the market with a volume equivalent to some 80% of E.ON UK's generation activity being traded so far this year. About Noble Group ? Noble Group (SGX: N21) manages the global supply chain of agricultural and energy products, metals and minerals. Noble operates from over 140 locations, employing more than 70 nationalities. ? Noble manages a diversified portfolio of essential raw materials, integrating the sourcing, marketing, processing, financing and transportation of those materials. ? Noble owns and manages a portfolio of strategic assets, sourcing from low cost producers suchas Brazil, Argentina, Australia and Indonesia and supplying to high growth demand markets including China, India and the Middle East. Today, Noble has interests in grain crushing facilities, coal and iron ore mines, fuel terminals and storage facilities, sugar and ethanol plants, ports, vessels and other key infrastructure facilities. For more information contact:
Victoria Blake (02476181 304)
Scott Somerville (02476 183 438) |