A new community area for Gransmoor

7th June 2015

Centrica Storage Limited (CSL) is delighted to be supporting Village Matters through its Caythorpe Gas Storage Environmental Support Fund 2015.

This year, CSL donated £2,780 to Village Matters to create a small communal area with three benches, flowers, shrubs and a sign for Gransmoor.

Gransmoor currently has no village hall, no pub and no buses and this project will allow people to meet, sit, chat and tend to plants, raising the sense of community in the village.

The improvements have already begun and are set to be completed in the coming months.

Kathleen Cope, who submitted the application on behalf of Gransmoor in the parish of Burton Agnes, said: “This is tremendous news for our village. Centrica Storage Limited’s generous support for this project will help to put the heart back into our small community. By creating an area where residents, including the elderly, can congregate and meet will make such a difference. We can’t thank them enough for their kind-hearted backing of this social and environmental scheme that will be welcomed by all.”

This year, CSL made £10,000 of funding available.

CSL is a wholly-owned subsidiary of Centrica plc. It operates the Rough gas storage facility in the southern North Sea and the Easington onshore gas processing terminal. CSL will manage the Caythorpe Gas Storage site through construction and later when it becomes operational.

Centrica plc acquired the Caythorpe Gas Storage project from Warwick Energy and owns the onshore Caythorpe gas producing field, which is a substantially depleted onshore gas field located close to the National Transmission System. Caythorpe has planning permission for conversion to an onshore gas storage facility with a capacity of up to 7.5 billion cubic feet (bcf) of gas.

CSL’s plan to develop a mid-range gas storage facility at Caythorpe is currently on hold. This is due to the current reduced price volatility in the UK Gas Market, which is a key to the value of the project. CSL continues to keep the project under review.