OilVoice - EIB Places the Portland Gas Storage Project Under Appraisal

EIB Places the Portland Gas Storage Project Under Appraisal

Friday, November 06, 2009

The Directors of Portland Gas plc announce that the European Investment Bank ("EIB") has confirmed that it has listed the Portland Gas Storage Project in its pipeline of projects under appraisal.

The EIB supports projects which contribute to energy diversification and security at EU level. The pipeline of projects under appraisal by the EIB are listed on their website.

Commenting on the news, Andrew Hindle, CEO of Portland Gas plc said:
"We are delighted that the Portland Project, which will support energy security of supply and the efficient functioning of the gas market, has received this under appraisal status from the EIB."

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