UK Oil and Gas (UKOG) has relocated its hydrogen salt cavern storage project from its original Portland site in Dorset to a new, undisclosed facility “located west of Weymouth.”
The British company’s subsidiary UKEn has completed the preliminary project design for the proposed new underground storage facility, which will incorporate 24 salt caverns at -1.3km.
UKOG has stated the new site will offer around 36% lower CAPEX costs than the Portland facility, citing cost savings of £450m ($559m).
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