Abu Dhabi based International Energy service and Water service provider, (TAQA)announced it had started infusing natural gas into its partly finished storage facility in Bergermeer in The Netherlands.
Scheduled to be completed on April 2015, Bergermeer will practically double the Netherlands’ gas storage capacity and will become the largest third party access gas storage facility in Europe. This will significantly play a part in the security of European energy supply and generate more efficient gas markets by increasing competition.
The construction of Gas Storage commenced in June 2012. The project comprises of eight kilometers of underground pipeline connecting the 14 new wells in the town of Bergen and the inventive, zero emission gas treatment facility in Alkmaar. It is proposed to aid energy suppliers store natural gas underground during summer which shows low demand in the summer and draw it down, when demand rises during winter
According to the Managing Director of TAQA in the Netherlands, the storage facility is one of the largest, independent investments made in the Netherlands at this time. The facility can provide 4.1 billion cubic meters of gas storage capacity or 46 terawatt hours; this will accommodate the average of 2.5 million of annual gas consumption of Dutch households.
The first phase of the project was completed when compressors started injecting gas into five wells drilled into the previously depleted Bergermeer reservoir. TAQA and EBN, the Dutch state-owned energy service company, have put in EUR 850 million in the project, whereas Gazprom supplied the ‘cushion gas’ to pressurize the tank following a tender organized in cooperation with the Netherlands’ Authority for Consumers and Markets in trade for storage capacity.
TAQA plans to auction the remaining short-term capacity in September this year. Gazprom., Vattenfall, Statoil, EDF are the companies that have already booked capacity.