European Investment Bank will lend £250m to improve liquid gas network

first_img whatsapp KCS-content Wednesday 22 September 2010 7:41 pm European Investment Bank will lend £250m to improve liquid gas network whatsapp Sharecenter_img Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com The European Investment Bank (EIB) is to lend £250m to upgrade UK gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks, the EIB said yesterday.The two companies, wholly owned by Scotia Gas Networks, will get £150m and £100m respectively to replace old pipes and lay new pipelines.The three-year upgrade programme will run to 2013, helping connect remote parts of Scotland, while also catering for higher capacity requirements at peak times.“This project complements EIB financing of LNG storage facilities at key UK facilities,” said Simon Brooks, EIB vice president responsible for the United Kingdom.The EIB – the long-term lending arm of the European Union – said the grid upgrades should ensure the maintenance of a safe and reliable service for existing customers, as well as catering for increased gas storage and peak supply requirements.Britain is becoming increasingly reliant on imported liquefied natural gas (LNG) being brought into southern England and Wales and pumped around a gas network which was largely designed to handle gas from the UK’s own North Sea fields. last_img

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